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Economy

Federal Reserve expects one rate cut this year, sees limited economic effect from Iran war

Federal Reserve expects one rate cut this year, sees limited economic effect from Iran war

  • CHRISTOPHER RUGABER Associated Press

Powell said he has "no intention" of leaving the central bank until a Justice Department probe into building renovations at the Fed is over.

US drivers see gas prices jump to highest level since 2023 as Iran war drags on

US drivers see gas prices jump to highest level since 2023 as Iran war drags on

  • WYATTE GRANTHAM-PHILIPS Associated Press

According to motor club AAA, the national average for a gallon of regular gasoline jumped to $3.79 Tuesday, up from $2.98 before the war.

Spring Break Sticker Shock: How Rising Oil Prices Are Hitting Travelers

Spring Break Sticker Shock: How Rising Oil Prices Are Hitting Travelers

  • Cheddar

Rising oil prices tied to the Iran conflict are driving up gas and airfare costs, creating new challenges for travelers heading into the spring break season.

US confident economy will weather Iran war, says Trump aide

US confident economy will weather Iran war, says Trump aide

  • Aljazeera

Trump aide says Iran war’s oil shock is short term, touts strong US economy and vows escorts, partners and policy tools to curb price rises

6 political cartoons skewer oil and gas prices

6 political cartoons skewer oil and gas prices

    Cartoonists from across the country react to rising energy prices because of the war in Iran. 

    Jet fuel prices are rising. That could make summer flights more expensive

    Jet fuel prices are rising. That could make summer flights more expensive

    • RIO YAMAT Associated Press

    Experts say it's not a question of if airfares will go up, but when, for how long and by how much. 

    Iran war driving up airfares as jet fuel prices soar

    Iran war driving up airfares as jet fuel prices soar

    • CBC English

    The war in the Middle East is driving up the cost of air travel as jet fuel prices skyrocket by over 50 per cent, prompting several airlines to adjust their pricing.

    Trump administration kicks off process to try to replace tariffs Supreme Court struck down

    Trump administration kicks off process to try to replace tariffs Supreme Court struck down

      Trump and his team made it clear they seek to replace billions in lost revenues by using different laws to establish new tariffs.

      Trump expects his Fed pick and AI to deliver a replay of the '90s boom. Economists have doubts

      Trump expects his Fed pick and AI to deliver a replay of the '90s boom. Economists have doubts

        Trump and his nominee to become Fed chair, Kevin Warsh, say AI could spark a 1990s-style boom. Many economists aren’t convinced.

        Trump's portrayal of 'golden age' is out of sync with how Americans see economy

        Trump's portrayal of 'golden age' is out of sync with how Americans see economy

          The economy is growing but hardly "roaring," and some price measures show inflation remains stubbornly elevated.

          From dabblers to day traders, individual investors' impact on Wall Street grows

          From dabblers to day traders, individual investors' impact on Wall Street grows

            For years, retail investors were dismissed by some on Wall Street as “dumb money.” That’s no longer the case.

            Fact-checking Trump's false and misleading claims in his State of the Union speech

            Fact-checking Trump's false and misleading claims in his State of the Union speech

              Trump repeated many familiar claims during his State of the Union address on Tuesday. Here's a closer look at the facts.

              State of the Union takeaways: Sales mode on the economy, patriotism and partisan attacks

              State of the Union takeaways: Sales mode on the economy, patriotism and partisan attacks

                Trump painted a picture of a “roaring” economy, even as polls show many Americans remain anxious. He also lashed out at Democrats and defended tariffs in a record-long speech.

                Trump Touts Economy in State of the Union Address

                Trump Touts Economy in State of the Union Address

                  In his 2026 State of the Union address, US President Donald Trump used the speech to sell Americans on the economy. It comes as Republicans try to address voters’ mounting concerns about the rising cost of living ahead of midterm elections this year.

                  Local News

                  The Chamber presents awards, recalls 2025 accomplishments

                  The Chamber presents awards, recalls 2025 accomplishments

                  The Chamber, Leading Business in Cabarrus, hosted its annual meeting on Friday, Feb. 13, at Great Wolf Lodge, with 360 members in attendance. Its annual awards were presented, and members took a look back on accomplishments from 2025.

                  Cabarrus County neighbors: Obituaries for March 18

                  Cabarrus County neighbors: Obituaries for March 18

                  Read through the obituaries published today in Independent Tribune.

                  Rowan-Cabarrus hosts leaders celebrating No. 1 workforce ranking

                  Rowan-Cabarrus hosts leaders celebrating No. 1 workforce ranking

                  Rowan-Cabarrus Community College recently welcomed legislators, state leaders and community partners for the college’s annual Legislative Luncheon, along with a Community Celebration to mark Site Selection magazine’s designation of North Carolina’s No. 1 national ranking in workforce development.

                  Pancake Day is set for Thursday at the Boys & Girls Club

                  Pancake Day is set for Thursday at the Boys & Girls Club

                  The Boys & Girls Club of Cabarrus County welcomes the community back for the 69th Annual Pancake Day, presented by SHOE SHOW, INC. on Thursday, March 19, from 6 a.m. to 7:30 p.m. for a day full of pancakes, sausage, and fun with friends and neighbors.

                  State & Regional

                  Traffic camera shows moment two vehicles fall into Pacific Street sinkhole in Omaha

                  Traffic camera shows moment two vehicles fall into Pacific Street sinkhole in Omaha

                  Traffic camera footage shows moment two vehicles fall into Pacific Street sinkhole in Omaha. Video provided by Omaha Police Department.

                  Two vehicles fall into sinkhole on Pacific Street in Omaha

                  Two vehicles fall into sinkhole on Pacific Street in Omaha

                  Two vehicles fall into sinkhole on Pacific Street in Omaha.

                  Photos: Two vehicles fall into sinkhole at 67th and Pacific in Omaha

                  Photos: Two vehicles fall into sinkhole at 67th and Pacific in Omaha

                  See photos of the two vehicles fall into sinkhole at 67th and Pacific in Omaha

                  69 Wisconsin schools have closed in the past two years. More could follow.

                  69 Wisconsin schools have closed in the past two years. More could follow.

                  Within the past two years, 69 public schools in Wisconsin shut down. More will close in coming years.

                  Nation & World

                  César Chavez accused of sexually abusing labor rights leader Dolores Huerta and others

                  César Chavez accused of sexually abusing labor rights leader Dolores Huerta and others

                  Labor rights leader Dolores Huerta says she was sexually abused by Chavez amid reported allegations of abuse by others.

                  White House offers concessions as DHS funding impasse drags on

                  White House offers concessions as DHS funding impasse drags on

                  TSA lines across the country are lengthening and terrorism threats are on the rise as the Department of Homeland Security remains partially shut down.

                  Florida hospital sues to evict a patient who won't leave room 5 months after discharge

                  Florida hospital sues to evict a patient who won't leave room 5 months after discharge

                  Tallahassee Memorial Healthcare has sued a patient who refuses to leave a hospital room, even though doctors discharged her more than five months ago.

                  Federal Reserve expects one rate cut this year, sees limited economic effect from Iran war

                  Federal Reserve expects one rate cut this year, sees limited economic effect from Iran war

                  Powell said he has "no intention" of leaving the central bank until a Justice Department probe into building renovations at the Fed is over.

                  Shopping

                  Altcoins to Buy: How to Find and Buy Altcoins for the Next Bull Run

                  Altcoins to Buy: How to Find and Buy Altcoins for the Next Bull Run

                  Affiliate. 

                  Upcoming Crypto Presales: How to Find and Buy Top Crypto Presales

                  Upcoming Crypto Presales: How to Find and Buy Top Crypto Presales

                  Affiliate. Learn how to find and buy top crypto presales and what to look for when researching. 

                  How to Buy Meme Coins: How to Find New Meme Coins and Where to Buy Them

                  How to Buy Meme Coins: How to Find New Meme Coins and Where to Buy Them

                  Affiliate. Learn how to find and buy the newest meme coins. 

                  Next Crypto to Explode: How To Find New Crypto Coins and Buy Them

                  Next Crypto to Explode: How To Find New Crypto Coins and Buy Them

                  Affiliate. Learn how to find and buy the next big crypto coins before they explode.

                  Crime

                  Kannapolis offering CPR classes

                  Kannapolis offering CPR classes

                  The Kannapolis Fire Department is offering free, non-certified CPR classes in 2026 — and you’re invited to attend.

                  Who killed Peter Jordan? Reward upped in Lake Norman cold case murder.

                  Huntersville police are offering a reward of up to $14,000 for information that leads to an arrest and conviction in the 2014 killing of Peter Jordan. Jordan was 19 when someone shot and killed him in The Landings at Northcross Apartments on Feb. 19 of that year, police said. The apartments are on Landings Drive, off Sam Furr Road (N.C. 73) and Interstate 77 exit 25 in the Birkdale area. ...

                  Suicidal woman sent to suffer in silence of solitary confinement. Then she killed herself.

                  Suicidal woman sent to suffer in silence of solitary confinement. Then she killed herself.

                  Illinois jails continue to struggle with the mental health needs of their inmate population, particularly when detainees are unfit to stand trial.

                  Defense counters prosecutors' 'blind hatred' of Bongiovanni in seeking milder punishment

                  Defense counters prosecutors' 'blind hatred' of Bongiovanni in seeking milder punishment

                  Defense lawyers have asked for a short prison term, if any time in custody is required at all, for the first Drug Enforcement Administration agent in Western New York convicted of protecting drug traffickers.

                  Politics

                  Concord launches Click-2-Fix tool to report non-emergency issues

                  Concord launches Click-2-Fix tool to report non-emergency issues

                  The city of Concord is introducing a new way for residents to easily report non-emergency issues like potholes, street sign damage, streetlights that are out and more. The new Concord Click-2-Fix is a free online reporting tool that replaces the former Concord Mobile Care application.

                  WHERE YOUR STORY LIVES - TBN

                  WHERE YOUR STORY LIVES - TBN

                  Commissioners Notebook: Grants and tax notices discussed

                  Commissioners Notebook: Grants and tax notices discussed

                  Cabarrus County Commissioners will hold their monthly regular meeting Tuesday, Feb. 17, at the Cabarrus County Government Center in downtown Concord.     

                  Gov. Hochul proposes law to keep police from working as deputized ICE officers

                  Gov. Hochul proposes law to keep police from working as deputized ICE officers

                  Citing "unspeakable acts of violence" committed by federal immigration officers, Gov. Kathy Hochul on Friday proposed a state law to ban local police across New York from working with the U.S. Immigration and Customs Enforcement on immigration raids.

                  Independent Tribune
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