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On oil price shocks and inflation, growth and wage coercion
The Israel-Iran war is now five days old, and the immediate impact is a crude oil price hike. From an average of $61-$62 per barrel from early April to early June 2025, West Texas Intermediate (WTI) crude quickly jumped to $68-$73 per barrel from June 13 onwards.
"A sustained $10 increase in oil prices is expected to increase inflation by 0.4% and lower GDP by 0.4%": Apollo Global ...
Despite high inflation expectations, price pressures have steadily cooled, with May’s CPI at just 2.4%. This suggests public ...
NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back ...
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and ...
Pakistan's central bank kept its key interest rate unchanged at 11 per cent on Monday, in line with expectations, as the conflict between Israel and Iran and volatile global oil prices added upside ...
Oil prices are leaping, and stocks are weakening on worries that Israel’s attack on Iranian nuclear and military targets ...
The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank ...
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