Economy

The highest monthly increase in nearly 4 years can largely be attributed to soaring gas prices resulting from the war in Iran.

Even if the tenuous ceasefire holds, the conflict is likely to have created lasting effects on the dollar system, as President Donald Trump appears to rip up the global rules-based order.

The continuing claims figure indicates stabilization in the labor market, but initial claims in late March and early April were higher than expected.

The core PCE price index, the Fed's preferred inflation gauge, rose 3% year-over-year in February.

On average, payrolls rose 68,000 in the first three months of 2026, the strongest run in almost a year.

Thirteen manufacturing industries reported growth last month, while three noted contraction.