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Inflation Drops But Iran Tensions Rise | Charleston News
Inflation just took a surprising dip — prices fell 0.4% last month, the biggest drop in four years, bringing annual inflation to 3.5%. Falling gas, clothing, and used car prices are credited, but tensions with Iran are heating up again, with oil prices rising as U.S. strikes continue and Trump reinstating the “Iranian Blockade” in the Strait of Hormuz. While economists say this won’t trigger broad inflation — except maybe higher airfares — core inflation remains stubbornly above the Fed’s 2% target at 2.6%. With inflation cooling, the Fed may delay rate hikes, but Chair Powell’s tough stance…
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