Iran War Hits US Economy With More Inflation, Record-Low Sentiment

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Inflation:A driver refuels a vehicle at a gas station in New York on March 31. The war in Iran has fueled the biggest jump in US inflation in nearly four years and sent consumer sentiment tumbling to a record low. Economists say that’s just the beginning.While the US and Iran have reached a fragile two-week ceasefire in recent days, analysts say the effects of the war will continue to trickle through the economy for months to come even if a permanent deal to end the conflict is reached.