Episode Details

Inflation surges in March 2026, driven by the Iran wars impact on energy prices. CPI jumps to 3.29% yearly, with energy prices soaring by 10.9%. Oil prices spike by 45% from February to March. Goldman Sachs predicts a slight decrease to $80 per barrel by Q4 2026. Consumers short-term inflation expectations rise, with Michigan survey at 4.8% and New York at 3.4%. Long-term outlooks also increase. Core PCE is cooling, with goods prices expected to drop to 0.6% by December. Goldmans base case predicts core PCE at 1.9% in 2027, potentially leading to Fed rate cuts and relief for mortgage and car loan holders.

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