No. of Recommendations: 9
The war will push U.S. inflation above 4 percent this year, according to a new forecast.
"U.S. inflation is expected to average 4.2 percent this year, more than 1 percentage point higher than the O.E.C.D.’s previous forecast.
The war in Iran will lead to a surge in inflation this year, as the closure of the Strait of Hormuz pushes up prices for oil, gas and other commodities, the Organization for Economic Cooperation and Development said on Thursday.
The inflation rate in the United States will average 4.2 percent this year, more than 1 percentage point higher than the group’s previous forecast, made late last year, the Paris-based organization said. Across the Group of 20 nations, inflation is forecast to average 4 percent this year, 1.2 percentage points higher than previously expected." —New York Times
Gasoline in California has reached $6 a gallon and is still climbing.
Ready for the official MAGA response?
"Bu bu bu Biden!"
