Powell Says Oil Shock Is One Driver of Higher 2026 Inflation Expectations
The post cites Jerome Powell as saying rising oil prices are among the factors lifting expectations for inflation in 2026, while also noting gasoline prices in Los Angeles.
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Terms & Concepts
Inflation expectations: Forecasts by households, investors, or businesses about future price increases, which can influence spending, wages, and monetary policy decisions.
Oil shock: A sudden rise or disruption in oil prices or supply that can push up energy costs and feed into broader inflation.