Businesses and households should anticipate a sustained increase in food costs as higher fuel and transportation prices are passed along. … READ MORE >
energy shock
Market Minute: The impact of the Iran war on Latin America
During the first few weeks of the war, Latin American economies have shown resilience amid the disruption in energy flows out of the Persian Gulf. … READ MORE >
Producer inflation rises less than forecast
March producer prices rose by 0.5%, driven largely by energy costs. Oil prices have eased since, but supply disruptions are unlikely to fade anytime soon. … READ MORE >
Market Minute: The cost of failed ceasefire talks in Iran
The announcement of a naval blockade of shipping out of the Persian Gulf will only worsen the shortages of oil, natural gas, distillates, other liquids and refined products. … READ MORE >
Market Minute: Asian economies at risk as oil rationing begins
Rationing will be the baseline method of energy resource allocation across the dynamic Asian economies. … READ MORE >
Market Minute: The coming travel slump
As the war in Iran approaches its fifth week, the shock to transportation and travel costs from surging jet fuel prices is coming into view. … READ MORE >
Market Minute: Why gas tax holidays and export bans don’t work
A gas tax holiday and an export ban on U.S. crude are politically appealing, but in the end they only put upward pressure on prices. … READ MORE >
Market Minute: Fed rate cuts on hold as inflation risks mount
Expect the Fed to hold rates steady on Wednesday while raising its inflation forecast and reducing its estimates for growth and employment. … READ MORE >
February CPI report: Beware the Ides of March
Investors should anticipate rising inflation in March as the impact of the war in the Middle East and surging energy prices is felt in the economy. … READ MORE >
Energy shock will hit low-income Americans the hardest
Despite such a significant price shock, the Federal Reserve should not overreact by hiking interest rates aggressively because the spillovers from higher energy prices on core goods and services will most likely be relatively small and fade quickly. … READ MORE >