MenuThe war in the Middle East and the on-again, off-again closure of the Strait of Hormuz have dominated news cycles for months. The oft-predicted economic apocalypse hasn’t materialized. Yet. Read the full article here.
Tag Archives: Inflation
Rising Oil Prices Fuel Inflation And Threaten Biden’s Re-Election
The world economy has mostly recovered from the COVID-19 pandemic, but nonetheless, US inflation remains well above the desired 2% threshold at an estimated 3.7% in August. Core inflation for the year 2023 is expected to be 4.3%. It is possible that the Fed would need to apply another rate hike to drive inflation down,