Iran war fallout is going to last

Iran war fallout is going to last

Goldman Sachs’ senior chairman and ex-CEO Lloyd Blankfein has warned that the damage from the Iran war “is going to last,” even if there were “a resolution tomorrow” — and urged investors to prioritize contingency planning amid the turmoil. Speaking with CNBC’s Steve Sedgwick on Wednesday, Blankfein suggested that certain parts of the market may…

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Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate

Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate

The Iran war and its impact on the global energy market will keep headline U.S. inflation this year well above the Federal Reserve’s projections, possibly necessitating policy action, according to a key global policy group. In its periodic update of economic conditions, the Organization for Economic Cooperation and Development forecast all-items inflation in the U.S….

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