OECD flags energy shock as driver of higher US inflation
TL;DR Summary
The OECD warns that ongoing Middle East conflict and a sustained energy shock could lift US inflation to about 4.2% this year, with broad global inflation and downside growth risks as energy and fertiliser supply disruptions bite. Global growth is expected to slow, US growth to around 2%, and policy paths for the Fed and ECB remain uncertain, prompting calls for targeted household support to shield vulnerable consumers from higher energy bills.
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- War Will Push U.S. Inflation Above 4 Percent This Year, O.E.C.D. Says The New York Times
- Even the best-case scenario for energy markets is disastrous The Economist
- Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos The Guardian
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