"It's really about oil rather than the other, wheat, palladium and nickel," said Mark Zandi, chief economist at Moody's Analytics. "Oil is probably up $10 or $15 a barrel because of the conflict... That will probably add, if sustained, about 30 or 40 cents a gallon to unleaded. That's as much as a half-percentage point to year-over-year consumer inflation, and we're already at 7.5%.
"I certainly think oil today is standing about 30% over its fourth-quarter average," said Kasman. "If you move up toward a 75%, 100% increase, which would be moving to $120 to $150 [per barrel], then I have to believe there's enough damage here to have a negative impact on global growth." Kasman also points out that the Fed is not used to raising rates during a period where oil prices are moving higher.
federalreserve is terrorising the world with its financial policies. It is consuming its own citizen with inflation innocently. See cost of living is restricting reproduction!! XHNews
The People need $10-Trillion in immediate stimulus Aide NOW, otherwise we support PUTIN...
whitehouse CNN CNBC FOXNEWS BLOOMBERG $SPY $DJI NASDAQ WHY
UUUUHHHHH ya think Damn straight it will.
An invasion is when you takeover something hey have not invaded
How about just make a decision!
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