It’ s the halt on oil shipments through the Strait of Hormuz, which plainly won’ t continue much longer. Notice: Speaker-emerita Nancy Pelosi hypes that inflation is“ skyrocketing”… yet she said no such thing at the same point in the Biden years, when it was more than twice as high at 8.3%. Getting inflation back down would take long months of harsh Federal Reserve…
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Fed's Schmid Sasy Continued Inflation Is Most Pressing Risk To Economy, Clear That It Is Still Too High; US Economy Has Shown 'remarkable Resilience' And Economic Fundamentals Remain Sound; US Economy Less Vulnerable To Global Oil Disruptions Than In Past But High Oil Prices Drain Household Spending Power, Raise Business Costs; Job Market Is 'Functioning Effectively'
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