US economy at risk as Iran war pushes oil toward $100 per barrel
TL;DR Summary
A former Trump pick to lead the Bureau of Labor Statistics, EJ Antoni, warned that the US economy cannot withstand $100-a-barrel oil, saying inflation is worse than expected and energy-price increases will lift prices across the economy as the Iran conflict unfolds and markets brace for the Fed's rate decision.
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- Watch Fox Hosts Freak Out Live Over Disastrous Inflation Numbers The New Republic
- Trump promised lower costs; the Iran conflict now threatens that pledge Fox News
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