WTI crude oil prices (CL=F) are up about 7 percent over the last month, raising concerns that they could lead to higher inflation. That is exactly what the Federal Reserve doesn't want to see as it fights bring inflation down. It is "potentially problematic" Moody’s Analytics Chief Economist Mark Zandi tells Yahoo Finance Live. "Everything is consistent with a soft landing, but you throw in the mix higher oil prices, if they keep going higher and stay higher, that could be a problem," Zandi says. Zandi says a UAW strike against the Big Three automakers (F, STLA, GM) would have to drag on for a "long, long time" of time to make a significant impact on the economy. Of the list of things to worry about, Zandi says oil prices are at the top and a looming government shutdown is probably second. On a shutdown, Zandi says it's "more than likely" but that the political pressure is going to "intensify pretty quickly.
#youtube #oil #stockmarket
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