Bruce Kasman

economist

13 stories

6 quotes

Two recent developments are upending the debate about inflation inertia and the monetary policy path,
The conflict in the Middle East is now entering its 11th week,
A scenario in which the strait remains closed for an additional month would be consistent with oil prices rising towards 150 dollars a barrel and constraints on industrial consumers of energy supply,
The longer the Strait remains closed, the ​sharper the drawdown in buffer supplies that could spark dramatic increases in the price of crude oil, natural gas and other commodities,
Central bank forecasts will immediately bias towards higher inflation and lower growth,
The global economy remains dependent on the concentrated flow of Mideast oil and natural gas through the Strait of Hormuz,

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