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Ed Yardeni, President of Yardeni Research, raises concerns about the potential for a stagflationary situation to arise if the Iran war persists, and how the Federal Reserve may then find itself in a policy bind due to its dual mandate. Source: cnbc.com
Mass deportations could cost the Bay Area region $67 billion a year, according to a new report by the Bay Area Council. The new report shows just how much of a difference immigrants and undocumented workers make to our local economy. Source: abc7news.com
Abu Dhabi state oil company ADNOC’s CEO Sultan Al Jaber described any restriction of passage through the Strait of Hormuz by Iran as “economic terrorism”. Source: reuters.com
As oil steadily climbs above $100 per barrel and Iran rejects a U.S. peace proposal, Moody’s chief economist says recession odds are only getting worse. Source: fortune.com
A Detroit Regional Chamber report claims that focusing on turning around the poor performance should be the top goal of statewide policymakers elected this fall, the Detroit Regional Chamber says. Source: bridgemi.com
United Arab Emirates official Lana Nusseibeh criticized Iran’s restrictions on the Strait of Hormuz and its use of ballistic missiles and drones during an interview with Fox News. Source: foxnews.com
Wall Street is cutting its forecasts for the US economy this year, boosting its projections for inflation and unemployment and nudging up the odds of a recession as the impact of the Iran war starts to come into view. Source: bloomberg.com
POLITICO gathered leaders from the White House, Capitol Hill and Wall Street on Wednesday to unpack how the war in Iran, the rise of artificial intelligence and a Supreme Court decision are affecting Americans and shaping the economy. Source: politico.com
If the economy falters, political pressure on the president will build. Source: bloomberg.com
Trump won in 2024 on the economy and immigration. Gas prices due to the conflict in Iran is exacerbating concerns. Source: military.com
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