Wall St futures fall as Middle East conflict stokes inflation worries
Published on March 3, 2026.
The Middle East conflict has escalated, raising inflation fears among investors. The U.S. and Israel launched an air campaign against Iran, killing Iranian Supreme Leader Ali Khamenei and escalating tensions. Oil prices rose by 2.2%, gold extended its rally for a fifth consecutive session, the dollar strengthened, and the 10-year Treasury yield rose to its highest level in over a week. This has led to expectations that the Federal Reserve is unlikely to cut interest rates soon. Attention is now on to a full range of U.K. data later this week, including January retail sales, ADP employment figures, and non-farm payrolls.
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