War and Shutdown Push Travel Costs and Mortgage Rates Higher in March
TL;DR Summary
The Iran war and a partial US government shutdown disrupted travel in March, driving higher energy costs and inflation while mortgage rates crept back up after a decline, tempering economic optimism for 2026.
- It was supposed to be another boom year for the economy. March changed everything. Business Insider
- The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way. NBC News
- How the Iran War Has Rippled Across the World The New York Times
- IMF warns Middle East conflict will lead to higher prices and slower global growth The Guardian
- Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate CNBC
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