Mark Zandi, Chief Economist of Moody’s Analytics
The Walker Webcast
00:00
The Importance of Oil Prices to Inflation
Oil prices are one of those things I forecast where my confidence is not so much. There are a lot of moving parts here, particularly what Saudi decides to do with China and COVID policy. The Fed will likely continue to raise rates to right keep inflation expectations down. If we get back to $1.25 barrel oil, that is $5. We are going into recession.
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