St. Louis Fed: Oil Shocks, Inflation, and Jobs
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
St. Louis Fed President Alberto Musalem warns of oil price shocks impact on inflation, citing historical lessons and current sensitivities. He predicts energy costs will boost headline numbers and influence core measures, potentially delaying his earlier cooling forecast. Other Fed voices echo similar concerns, while Musalem also highlights downside risks to jobs due to hiring slowdowns and potential layoffs. Policy remains neutral, with rates expected to hold steady as the Fed monitors AI productivity hopes.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/58e546f1af377c10