March Inflation Report to Offer First Glimpse of Iran War's Economic Impact

The upcoming March inflation report is expected to deliver the first concrete data on how the Iran war has impacted consumer prices across the American economy. Economists anticipate a significant jump driven by surging energy costs, supply chain disruptions, and the cascading effects of the Strait of Hormuz blockade on global trade. The numbers will test the administration's claim that the ceasefire has put the economy on a path to recovery.