The tweet was deleted by the author.
But we saved everything 🙂.
Americans have maintained confidence that the Federal Reserve would eventually bring inflation under control, even through a series of economic shocks over the past five years.
Colby Smith now reports that the war with Iran is introducing another major shock that is challenging this belief.
Earlier this year, Colby Smith reported that rising oil prices were fueling concerns a Middle East conflict could push the U.S. economy toward recession, as detailed in her coverage of energy market risks. Smith also covered former President Trump's call for the Federal Reserve to cut interest rates ahead of an upcoming policy meeting, while central bank officials planned to keep monetary policy steady at that time. These developments have shaped economic expectations in the lead-up to the latest escalation.