Fed Chair Jerome Powell says the labor market remains in an uncomfortable balance and inflation is the primary issue to address. Powell expects tariff-driven inflation to begin easing this year.

US officials estimate the cost of operations involving Iran has reached $50 billion, doubling the Pentagon's previous $25 billion projection. The figure excludes long-term costs and destroyed equipment.

US officials report that the cost of operations involving Iran has reached nearly $50 billion, a figure that doubles the Pentagon's initial $25 billion estimate and excludes expenses for destroyed equipment and long-term liabilities.

U.S. inflation posts biggest annual gain in nearly three years in March.

U.S. inflation in March recorded its largest annual increase in nearly three years.

Pentagon says Iran conflict has cost U.S. taxpayers $25 billion so far.

The Pentagon states that the Iran conflict has cost U.S. taxpayers $25 billion to date.

ECB rate hike increasingly likely in near future, Muller says.

ECB is increasingly likely to hike interest rates in the near future, according to policymaker Madis Muller.