Energy shock from Middle East conflict keeps U.S. inflation hotter, OECD warns
TL;DR
The OECD’s outlook says the Middle East conflict will disrupt energy markets and push U.S. inflation higher than previously forecast, with headline inflation around 4.2% this year and easing toward 1.6% by 2027. U.S. growth is expected near 2% this year but to slow thereafter, and persistent energy-price pressures could keep central banks cautious, as energy disruptions remain a key risk to global inflation and growth.
- Iran war will jolt U.S. inflation, new analysis finds Axios
- Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate CNBC
- War in Iran Will Push U.S. Inflation Above 4 Percent, O.E.C.D. Forecast Says The New York Times
- Middle East Conflict to Push U.S. Inflation Sharply Higher, Says OECD WSJ
- Iran war, rising gas prices fuel economic concerns; most say conflict not going well, don't want regime left in power, CBS News poll finds CBS News
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