Nancy Marshall-Genzer

The overall inflation rate will rise by 1 percent, according to Pantheon Macroeconomics, driven mostly by an expected 23 percent spike in gas prices.

Goldman Sachs economists predict higher oil prices pushed up airfares by 4 percent.

They expect an overall inflation rate of almost 3.5 percent for March, and they think energy prices will shoot up again this month, bringing headline CPI inflation to about 4 percent for April.

I'm Nancy Marshall-Genzer for Marketplace.

The Dow Jones Industrial Average surged more than 1,300 points yesterday.

The Nasdaq and S&P each popped up more than 2 percent.

But traders are more tentative this morning.

Iran says Israel's attacks on Lebanon are violations of the ceasefire.

The truce was contingent on Iran reopening the Strait of Hormuz, but Iran says it's now closed.

In a social media post last night, President Trump said U.S.

forces would remain in the region until what he called a real agreement is fully complied with.

I'm Nancy Marshall-Genzer for Marketplace.

In a social media post this

morning, President Trump said any country supplying weapons to Iran will face a 50 percent tariff on, quote, any and all goods sold to the U.S., and there would be no exclusions or exemptions.

Henrietta Trace, co-founder of Veda Partners, says Russia, North Korea, and China have all sent weapons to Iran, but the tariffs are aimed at Beijing.

But Trey says because of the Supreme Court's recent ruling on tariffs, the Trump administration would probably need to conduct an investigation before imposing these new duties, even though the president says they would take effect immediately.

I'm Nancy Marshall-Genzer for Marketplace.

The anxiety of multiple layoffs.

For Marketplace, I'm Nancy Marshall-Genzer, in for David Boncaccio.

Meta announced this week it's laying off hundreds of workers across several divisions, fresh after another round of cuts back in January.