The soaring energy prices really hurts
I don't think the West can bear with this high oil price for much longer. If the price remains above $125/barrel for too long,it will cause economic recession.
The US Fed is caught between a rock and a hard place. If they don't raise interest rate enough,the current high inflation will be out of control(high oil price is a major factor) . If they raise interest rate too much,the asset price and financial market will be crashed,thus causing recession.
I don't think the West can bear with this high oil price for much longer. If the price remains above $125/barrel for too long,it will cause economic recession.
The US Fed is caught between a rock and a hard place. If they don't raise interest rate enough,the current high inflation will be out of control(high oil price is a major factor) . If they raise interest rate too much,the asset price and financial market will be crashed,thus causing recession.