{"id":591464,"date":"2026-04-07T15:15:08","date_gmt":"2026-04-07T15:15:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/591464\/"},"modified":"2026-04-07T15:15:08","modified_gmt":"2026-04-07T15:15:08","slug":"iran-war-impact-to-drive-up-headline-inflation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/591464\/","title":{"rendered":"Iran war impact to drive up headline inflation"},"content":{"rendered":"<p><a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Federal Reserve<\/a> Bank of New York President John Williams told Bloomberg on Tuesday that the impact of the Iran war will drive up headline inflation.<\/p>\n<p>Key takeaways<\/p>\n<p>&#8220;Inflation this year should be around 2.75%.&#8221;<\/p>\n<p>&#8220;Fed is very focused on underlying inflation.&#8221;<\/p>\n<p>&#8220;Story on core inflation hasn&#8217;t changed very much.&#8221;<\/p>\n<p>&#8220;Tariffs remain a big part of the inflation story.&#8221;<\/p>\n<p>&#8220;Monetary policy is exactly where it needs to be, can be changed if needed.&#8221;<\/p>\n<p>&#8220;Expecting 2% to 2.5% <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">GDP<\/a> this year with stable unemployment rate.&#8221;<\/p>\n<p>&#8220;Labor market situation is pretty complicated.&#8221;<\/p>\n<p>&#8220;Job market is low hire, low fire.&#8221;<\/p>\n<p>&#8220;Underlying inflation to moderate later this year.&#8221;<\/p>\n<p>&#8220;US economy is remarkably resilient, tech broadly is helping productivity levels.&#8221;<\/p>\n<p>&#8220;Compensation growing consistent with productivity, not pressuring inflation.&#8221;<\/p>\n<p>&#8220;Businesses have been adapting to more uncertain world.&#8221;<\/p>\n<p>&#8220;Fed is focused on work, leadership concerns are not an issue.&#8221;<\/p>\n<p>Market reaction<\/p>\n<p>The US Dollar Index stays in the lower half of its tight daily range and was last seen losing 0.07% at 99.92.<\/p>\n","protected":false},"excerpt":{"rendered":"Federal Reserve Bank of New York President John Williams told Bloomberg on Tuesday that the impact of the&hellip;\n","protected":false},"author":2,"featured_media":591465,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-591464","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/591464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=591464"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/591464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/591465"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=591464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=591464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=591464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}