Lates News

This year, FOMC voter and Chicago Fed President, Charles Evans, said on Thursday that the economy is suffering from the impact of oil prices. Before the inflation caused by last year's tariff impact has subsided, the impact of oil prices has pushed prices higher again, which he described as "bad timing" and a cause for concern. Evans said, "When gasoline prices rise sharply in the short term, expectations for inflation in the next 12 months will begin to rise significantly, which could put us in a more difficult situation." Since the outbreak of the Iran war, the sharp rise in oil prices has also increased uncertainty for businesses, slowing down the pace of hiring.