is required for younger americans to buy a house are mom and dad . suggesting, again, younger americans are feeling the pinch and we hear it all the time, you hear it all the time, younger americans saying, hey, you guys don t understand what we are going through, we don t live the life that you lived 20 years ago. there is no question. this goes to the inflation story, the interest rate story, right now if you are a young person buying a home it is very difficult . getting a loan at a rate that makes sense is difficult . that is actually a real pain point in this economy, politically, and i think that is the one thing you are seeing play out.
brought the oil markets off of their eyes overnight. so we will see where things go. but remember the rise in oil producer in march this year that produced 3.2 million barrels per day. and you know, not just the oil production facilities that israeli could strike iran pier that is another concern as well. another issue from markets right now, what happens if more blockage of these tankers that have to find alternate routes. that is an inflation story for this country. remember cpi in march, 3.5% fear of the headline number energy, gasoline prices, aaa today and e average national price for a gallon of gas 3.6%. excuse me $3.68, excuse me. all of this plus high interest rate environment is kind of adding to this big soup, if you will love concern when it comes to the market here the other thing is the global supply chain. people talk about that and we
checks the year prior and things actually got very very cheap. the fact that you could spend yours stimulus check on paying down student debt, your mortgages, your car payment, or evenjust student debt, your mortgages, your car payment, or even just have a little extra spending money and then go in extreme reverse for the following two years, i think that s what is proving a little bitjarring for a lot of americans. 50 what is proving a little bit “arring for a lot of americans. what is proving a little bit “arring for a lot of americans. so go on, depress us. for a lot of americans. so go on, depress us, because for a lot of americans. so go on, depress us, because obviously . for a lot of americans. so go on, l depress us, because obviously this is relative to the united states but first, what do the rest you, what does the bank of england do? the roblem does the bank of england do? tue: problem here does the bank of england do? tta: problem here is does the bank of england
the beginnings of the travel growth story. i m not sure how much is about the revenge spending on travel as we emerge from the pandemic. consumer spending trend is paying for services and travel rather than goods. the airports are just packed. this comes one day after we learned the rate of inflation rose at its slowest pace in more than two years. are we starting to see the impact of cooling inflation? it remains to be seen how many folks are declaing victory. we are not that far removed from the highs we have seen. prices are still way above where they were pre-pandemic. the data you mentioned showing less pressure yesterday and then today we got business level inflation data or producer prices coming in below estimates as well. that s the reason why markets are higher generally speaking today. a little more optimism that the inflation story is cooling off. that producer price level came
think the export is helpful, we are already seeing that with the recovery in the supply chain issues, we saw that in the developed economies like the us, uk, europe area, prices have been slowing down actually. producer prices as well. but the problem with the western world is prices generated by the strong labour market, generated by strong labour market, generated by strong wage growth figures, so the inflation story is helpful on the good side. while economists are worried about global recession and a slowing china economy, slower competence and weak business investment is just not helpful in the whole narrative. in march 2019, an aircraft with 157 people on board crashed minutes