ultra low. very expansionary. this is not going to make a big dent on inflation or economic activity, but the real question is how does the fed respond in the months ahead particularly given these enormous shocks we ve seen because of the russian ukraine war and because of a lot of lockdowns in china. matt, can we talk about oil and gas prices? price of oil coming down. gas prices not as quickly. the president wants to see those gas prices come down. is there some correlation? or is it just not how this works? it is how it works, but the timing is the key here. the president is pointing out that consumers experience the impact of higher gasoline prices really quickly when oil spikes. goes up like a rock, gas price, but comes down like a feather so the president had tweeted about that this morning, saying that listen, oil prices have come down. gas prices need to do the same thing. and what s interesting is that in the last eight days, we ve
Oil spikes have historically negatively impacted economic outcomes. Oil spikes typically are short-lived due to some exogenous geopolitical event. Read more.
Brent Crude oil softens as markets ponder the effects of a U.S. ban on Russian oil and subsequent retaliation which could see Germany cut off from Russian gas
Brent oil spiked to around $137/bbl. in early trade before settling back to around $128/bbl. on ongoing supply fears as the US threatens to ban Russian oil imports.
to a year earlier. an associate professor at columbia university. we ll see what we can get those two to agree on. i want to start with assistant managing editor for time and co-wrote the wimpy recovery. in the piece you asked people to honk if you feel the recovery. the signs are there but no honking. you don t hear honking in the streets. we re in recovery. in fact, weaver been in recovery for two years. it really says something, a lot of us aren t feeling it. the numbers are there as you mentioned it. this is bifurcated. the fact stocks are up, people who own stocks are wealthy. they are wealthy. a lot at the top, fast growing at the bottom but not enough in the middle. we ve got a two-speed recovery. a lot of people saying that. another thing people with money feeling this recovery, people without aren t. i think that s something we can agree on. let s talk about mitt romney, the front-runner for the presidential nomination. he acknowledges a recovery is under way