00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. manufacturing expanded in February, but factory gate prices climbed to a near
00:07three-and-a-half-year high due to tariffs, increasing inflation risks even before oil
00:11prices surged following a U.S.-led attack on Iran, according to Reuters. A surge in
00:16factory input prices and a jump in oil after U.S. and Israeli attacks on Iran and retaliation
00:22by Tehran-led economists to expect the Federal Reserve will delay cutting interest rates.
00:27The ICEM said its manufacturing PMI edged down to 52.4 from 52.6 in January, marking a second
00:35straight month of expansion above 50. Economists had expected a decline to 51.8 after factory
00:41activity rebounded in January following 10 consecutive months of contraction. The prices paid index
00:47surged to 70.5 from 59.0, the highest level since June 2022, driven by steel and aluminum
00:55costs and tariffs. Oil prices rose as much as 13 percent after U.S. and Israeli attacks
01:01on Iran and retaliation by Tehran.
01:03For all things money, visit Benzinga.com.
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