Washington, United States, June 3, 2026 (AFP) - US Fed says Iran war driving 'moderate-to-strong' inflation

NAMPA / AFP

2026-06-03

Prices in the United States grew at a "moderate to strong pace" in recent weeks, largely driven by surging energy costs caused by the Iran war, the Federal Reserve said Wednesday. "Districts noted that energy-related costs tied to the conflict in the Middle East were the primary driver of inflationary pressures, with spillovers into shipping, packaging, groceries, and fertilizer," the Fed said in its "beige book" survey of economic conditions in......

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