Why this matters: Rising inflation and energy costs could increase pressure on households, businesses and financial markets ahead of US elections. Date: 12 May 2026 Tags: US Economy, Inflation, Energy, Middle East Summary: US inflation rose to 3.8% in April, the highest annual rate since May 2023. Monthly consumer prices increased 0.6%, exceeding market expectations. The Strait of Hormuz closure continued to drive higher global energy costs. Petrol prices in the US increased

Why this matters: Stronger-than-expected employment data may delay US interest rate cuts despite inflation pressures from rising energy costs. Date: 8 May 2026 Tags: Business, US Economy, Employment, Markets Summary: The US economy added 115,000 jobs in April, exceeding economist expectations. The unemployment rate remained unchanged at 4.3%, according to official data. Hiring continued despite economic disruption linked to the US-Israel conflict involving Iran. Closure of th