Why one ****** yst thinks the US economy will be feeling the Iran-fueled inflation shock for years to...

Chris Whalen thinks hot inflation will weigh on the US economy for years after the Iran war ends.
The veteran ****** yst says supply disruptions in the Middle East will take a long time to normalize.
He said he expected inflation to rise to the high single-digits, about double its current rate.
Investors see the Iran war as all but over, but a market vet warns the effects will be felt a lot longer than Wall Street might realize.
Chris Whalen, an investment banker, longtime ****** yst

Britain is the most inflation-prone nation in the G7. That was true before the Iran war

Heavy reliance on imported energy and food leaves the UK extremely vulnerable

https://www.telegraph.co.u...

Larry Summers Reportedly Believes Trump’s Economy Is on the Brink of Crisis

(Michel Euler/AP photo)
Larry Summers is privately warning that the U.S. economy is “worryingly fragile” and potentially nearing crisis conditions, according to a report that underscores mounting concerns about inflation and federal debt.
The former Treasury chief, who resigned from his role at Harvard University after his friendly correspondence with Jeffrey Epstein was exposed in the Justice Department’s release, has circulated updated ******* ysis to fellow economists suggesting the current economic trajectory

Key Fed Official Says Interest Rate Hike Is Possible as Gas Prices Soar

A top official at the Federal Reserve has said that soaring gas prices present a new threat to the economy, warning of a possible interest rate hike if inflation remains persistently elevated.
Oil prices have surged since the U.S.-Israeli war with Iran began, sparking fears of renewed inflation and roiling the stock market, which dipped on Tuesday after President Donald Trump threatened that Iran's "whole civilization will die tonight" if Tehran doesn't accept his terms.
Cleveland Fed President Beth Hammack, a voting

Fed’s Austan Goolsbee sees economic weakness, but not recession

Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, sees some weakness in the U.S. economy now and he's personally uneasy about the possibility of inflation heating up as the Iran war continues.
But he remains "hopeful, slash optimistic" that the U.S. economy will keeping growing, thanks to continued consumer spending across the board.
"My concern at this immediate time is we've got to get our heads around the oil shock," Goolsbee told the Detroit Economic Club on Tuesday, April 7.
Goolsbee engaged in

What Jamie Dimon sees as threats to the economy in 2026

Jamie Dimon, CEO of JPMorgan Chase, put out his annual letter to shareholders this week. Now, a lot of companies provide shareholder updates, but when a letter comes from the leader of the largest bank in North America and contains insights about the economy, it tends to make headlines.
Dimon’s cautionary tone struck Ari Shwayder, who teaches economics at the University of Michigan.
“He's quite worried about inflation” — so much so that Dimon called it the “skunk at the party” — “not calming back down to the 2% level that the Fed wan

India's high-growth economy gets a Middle East oil shock

It wasn't too long ago that India's central bank, the Reserve Bank of India (RBI), described the country's high growth-low inflation environment as a "Goldilocks" moment.
But that optimism has proved ephemeral as the ongoing war in the Middle East and the accompanying disruption to oil markets gives its world-beating growth story an unexpected jolt.
The impact is most starkly visible on the Indian currency, which has hit record lows and is down nearly 10% against the US dollar in the last year.
There's been some relief in the rupee

Bitcoin Rallies After Iran Strikes but Safe Haven Role Unproven

Bitcoin is beating gold during the Iran war, but its dependence on liquidity cycles keeps the safe haven narrative in question.
COINTELEGRAPH IN YOUR SOCIAL FEED
Before the Iran war broke out, Bitcoin spent months trading sideways while gold rallied to record levels.
At the time, gold was seen as the go-to safe haven; inflation concerns remained persistent and geopolitical tensions continued to build, while Bitcoin
BTC
$70,714
failed to live up to that role.
Nearly a month after the US and Israel launched the first strik

Gold, silver, bitcoin crash as safe-haven **** er fades following Fed decision

Gold plummeted as much as 6% on Thursday, with the precious metal acting like anything but a safe-haven **** et as the Middle East conflict escalates.
Investors went risk-off as the prospects of higher inflation lowered the chances investors are placing on Fed rate cuts.
Gold futures (GC=F) fell to around $4,600 per ounce, while the broader metals complex was also hammered, with silver (SI=F) and copper (HG=F) dropping 13% and 5%, respectively. Even "digital gold" was battered, with bitcoin (BTC-USD) dropping b

Bitcoin Price Prediction: We Asked ChatGPT What Bitcoin Will Be Worth by 31 December 2026

ChatGPT’s base case for Bitcoin by December 31, 2026 is $98,000, with a bull case of $132,000 and a bear case of $52,000.
The AI model named spot Bitcoin ETF flows as the single most important factor that will determine which scenario plays out.
ChatGPT’s $98,000 prediction relies on the second half of 2026 looking very different from the first, with oil, inflation, and Fed policy all needing to move in Bitcoin’s favor.
A recent study identified one single habit that doubled Americans’ retirement sa

Rising cost of Iran war may impact taxpayers, inflation and jobs

Senior Reporter Covering Bakersfield
BAKERSFIELD, Calif. (KERO) — As the United States continues military operations against Iran, economists and lawmakers say the growing cost of the conflict could have ripple effects for taxpayers and the broader economy.
Economists estimate the war is costing about $1 billion per day.
Richard Gearhart, a professor of economics at California State University, Bakersfield, said the immediate financial impact is tied to federal spending and the nation’s growing debt.
“The immediate impact

The US economy grew just 0.7% last quarter, ahead of a potentially destabilizing war with Iran

The US economy was on shaky footing even before President Donald Trump plunged the United States into a war with Iran, a battery of new data released Friday showed.
At the end of last year, economic growth was anemic, the Commerce Department said Friday, dragged down by the historic government shutdown. Economists widely expect most of those losses to be recouped in the current quarter stretching from January through March.
But America still has an inflation problem, according to January figures

What Federal Reserve Chair nominee Kevin Warsh could do to Bitcoin’s price

With Bitcoin’s price down the pan, investors are now waiting to see what Federal Reserve Chair nominee Kevin Warsh will do to markets if he takes the helm in June.
Despite praising Bitcoin and calling for lower interest rates last year, markets initially priced in Warsh as a hawk — someone who would keep interest rates high in an aggressive bid to tamp down inflation. But it’s what Warsh might do with the Fed’s balance sheet that concerns investors.
Since the Great Recession, the Fed has purchased trillions of doll

Navarro promises ‘largest rebate in American history’ as Supreme Court weighs Tr...

White House senior counselor Peter Navarro discusses Trump's 'Goldilocks' economy, citing low inflation, rising wages and job growth. He also addresses the Supreme Court's tariff decision, the White House strategy for AI's impact on jobs and more.
White House Senior Counselor for Trade and Manufacturing Peter Navarro touted what he called a "Goldilocks economy" under President Donald Trump while promising Americans the "biggest rebate" in U.S. history.
"When Americans get those rebate checks on tax day, th

Trump claims victory on affordability as public anxieties persist

The White House is declaring victory on turning around the economy, after months of aides’ urging the president to find a more empathetic tone on Americans’ financial struggles.
But public attitudes about the economy have not risen to match the record-breaking stock market and expectations-beating inflation and jobs report, defining the challenge for the president’s party in November’s midterms. Most Americans say the economy is on the wrong track and disapprove of Trump’s handling of it, recent surveys show.
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The Economy May Have Stuck the Soft Landing. ***** ody Wants to Jinx It.

https://www.wsj.com/econom...

Trump claims victory on affordability as public anxieties persist

The White House is declaring victory on turning around the economy, after months of aides’ urging the president to find a more empathetic tone on Americans’ financial struggles.
But public attitudes about the economy have not risen to match the record-breaking stock market and expectations-beating inflation and jobs report, defining the challenge for the president’s party in November’s midterms. Most Americans say the economy is on the wrong track and disapprove of Trump’s handling of it, recent surveys show.
The gap betwee

The dollar probably won't buy as much in the near future as it does now.
Bitcoin and Zcash are both scarce ****** ets with real value.
Ethereum is valuable for its various uses, and its supply situation is decent, too.
10 stocks we like better than Bitcoin ›
As if the bout of inflation over the last few years wasn't painful enough for everyday investors, there are, unfortunately, plenty of good reasons to believe that the U.S. dollar is going to get significantly weaker and weaker from here on out.

https://finance.yahoo.com/...

(AKA the unemployment rate, cost of eggs, gas prices, inflation, the Dow Jones, whether citizens received a stimulus check, and Trump's overall approval rating.)
It wasn't exactly convincing, considering Americans are facing massive insurance hikes in 2026 because Trump and his party recently chose to allow Affordable Care Act subsidies to expire in two weeks. Likewise, our pockets are shrinking as the cost of food and living bloat.
Related: Trump Bragged About His Giant Ballroom Again, And People Did Not Wait To Roast Him
Note: Data on inflation is released a few weeks after each month has

Another day, another all-time high for precious metals. Gold, silver, and platinum all reached new record levels today.
Market experts view this surge as a warning signal, pointing to declining trust in financial systems and persistent inflation risks. Meanwhile, the crypto community is ***** sing whether this momentum in precious metals could eventually translate into capital rotation toward Bitcoin in 2026.
According to the latest market data, gold surged past $4,500 for the first time today, setting an ATH at $4,526. At the same time, silver reached a peak of $72.7.
"Silver is up over a

Bitcoin ‘never crossed’ $100K if adjusted for inflation, says Alex Thorn

Galaxy’s Alex Thorn says Bitcoin's $126,000 peak translates to $99,848 after being adjusted for inflation, falling short of its milestone six-figure mark.
Bitcoin came just shy of hitting a milestone six figures when inflation is factored in, despite the cryptocurrency hitting an all-time peak of above $126,000 in October, says Galaxy head of research Alex Thorn.
“If you adjust the price of Bitcoin for inflation using 2020 dollars, BTC never crossed $100,000,” Thorn said on Tuesday.
Thorn said his adjusted price hig

Bitcoin is limping into Christmas week with no Santa rally in sight.
And Gabriel Selby, head of research at CF Benchmark, says it’s unlikely that the price will recover from its current downtrend until the US Federal Reserve gets a better grip on the economy.
With the record US government shutdown delaying inflation data, the central bank will tread lightly and that means buyers are unlikely to tap into the crypto and push up the price, Selby wrote in an investor note shared with DL News.
“Until we get several months of clean, uninterrupted inflation data, the Fed’s path remains murky,” Sel

Bitcoin has fallen below the $90,000 level, extending a pullback from its recent peak near $120,000 as investors grapple with uncertain macroeconomic signals and uneven liquidity conditions.
Key Takeaways:
According to Linh Tran, market ******* yst at XS.com, Bitcoin’s recent price action underscores the market’s sensitivity to monetary policy expectations rather than headline economic data.
While US inflation has eased from last year’s highs, the latest consumer price index reading of 2.7% suggests that the disinflation process remains slow and uneven, forcing “the Fed to maintain a cautio

Fresh US economic data is sending a clear but nuanced signal to markets. Inflation pressures are easing, but consumers remain under strain.
For Bitcoin and the broader crypto market, that mix points to improving macro conditions, tempered by near-term volatility.
US consumer sentiment edged up to 52.9 in December, slightly higher than November but still nearly 30% lower than a year ago, according to the University of Michigan.
At the same time, inflation expectations continued to fall. Short-term expectations dropped to 4.2%, while long-term expectations eased to 3.2%.
For markets, those i

Economists cast doubt on inflation report: 'Hard to take this data seriously'

How much is inflation really cooling?
Thursday’s release of November’s Consumer Price Index (CPI) data showed inflation unexpectedly eased to an annual rise of 2.7% that month. But monthly comparisons — October data was never collected due to the government shutdown — were absent from the Labor Department’s report, leaving more recent price swings a bit of a mystery for dozens of product categories.
Economists treaded lightly following the report.
Heather Long, chief economist at the Navy Federal Credit Union,

[LIVE] Bitcoin Price Watch: September PCE Inflation Hits 2.8% as Expected—Will F...

According to The Kobeissi Letter, the S&P 500 surges +0.5% as Core PCE inflation unexpectedly falls to 2.8%, now just 30 points away from a new record high.
The Letter noted: "The S&P 500 has now added +$3.3 TRILLION since the November 21st low. Those who ignored the noise are winning. **** et owners are winning."
Core PCE came in at 2.8% versus 2.9% expected, with the softer-than-expected reading fueling risk **** et gains as December Fed rate cut odds hold at 88.8%.

https://cryptonews.com/new...

Dow Jones Top Markets Headlines at 3 AM ET: Dow Slips, Small Stocks Rally Amid...

Dow Slips, Small Stocks Rally Amid Mixed Signals on Economy
Bond yields rise in the U.S. and ****** an, and new data showed an unexpected drop in weekly American jobless claims.
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Why investors see Friday's inflation report as a gut check of vibes on the economy
Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed's last policy meeting of the year.

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Everyone is talking about a K-shaped economy, in which lower- and middle-income households are increasingly being squeezed by a weakening job market and rebounding inflation.
The backdrop has taken a toll on consumer wallets, shifting spending from discretionary to essential purchases. It's also led to consumers rethinking where they spend their hard-earned money, with an increasing number seeking out retailers with a history of low prices, including discount chains and dollar stores.
Dollar General is one of the leading beneficiaries of this shift in customer behavior, as evidenced by its r

RBC thinks the US is on track for "stagflation lite" in 2026.
Stagflation is a dreaded economic scenario in which inflation runs hot while economic growth slows.
The bank pointed to factors like high housing costs and tariffs, which suggest stagflation is looming
The worst-case scenario for the US economy could be a looming reality in 2026.
RBC flagged the likelihood of stagflation in 2026 as the economy looks poised to post below-trend growth while inflation runs "uncomfortably" hot.

https://finance.yahoo.com/...