Tuesday, 3 March 2026

How will the Iran war impact our economy?

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Mar 3 2026

Daniel de Visé | Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Wars abroad affect the economy back home. Here's an overview of how President Donald Trump 's campaign against Iran is likely to impact the U.S. economy, from oil prices to interest rates.

IRS refunds are up

Some Americans have already filed their taxes for 2025, and the early results suggest that refunds are up. Susan Tompor has the numbers.

How often can you change jobs for more money?

You've been in your job for a few years now, and your salary hasn't budged. Your thoughts turn to the want ads.

Changing jobs for a higher income is a time-honored tradition. Switch jobs too many times, however, and you risk being labeled a job-hopper .

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Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

How does war with Iran affect prices, interest rates, supply chains?

TEHRAN, IRAN - MARCH 2: A plume of smoke rises after an explosion on March 2, 2026 in Tehran, Iran. The United States and Israel continued their joint attacks that erupted on February 28. Iran retaliated by firing waves of missiles and drones at Israel, and targeting U.S. allies in the region. (Photo by Majid Saeedi/Getty Images)

Economists say the strikes could push prices higher and scramble shipping routes, but won't have much impact on interest rates for now. What to know.

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Changing jobs can get you a higher salary. But if you change jobs too frequently, you could be seen as "job-hopping."

How often can you change jobs for more money? All about 'job-hopping.'

Changing jobs can boost your income, but how often is too often? Here are the rules of "job-hopping."

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Tax refunds are expected to be bigger on average during the 2026 tax season, as tax filers claim new deductions for tip income, overtime income, interest paid on new car loans for cars and trucks assembled in the United States, and an enhanced deduction for seniors.

IRS latest data shows the average tax refund is up from 2025

The average 2026 tax refund is up 10.2% from last year, rising $351 so far, but still trails the White House's $1,000 projection. Here's why.

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Traders work on the floor of the New York Stock Exchange (NYSE) on March 02, 2026 in New York City.

Wall St futures slide as Middle East conflict stokes inflation worries

U.S. stock index futures fell on Tuesday as investors assessed the fallout of U.S. and Israeli strikes on Iran and the repercussions it could have on inflation and global trade.

READ MORE