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4/03 - What does the cut in oil production mean for inflation?
Published 3 years, 2 months ago
Description
It was announced yesterday that several OPEC+ members have agreed to cut oil production by 1.16 million barrels per day until the end of the year. We immediately saw oil prices rise, which if they hold, will be painful at the gas pump. But a bigger issue is how it may affect the fed’s current enemy….inflation. We’ll discus this tonight on the Jon Sanchez Show at 5pm.