The tweet was deleted by the author.
But we saved everything 🙂.
Mark Zandi, chief economist at Moody's Analytics, highlights that the economic impact of the Iran War extends beyond higher oil and commodity prices.
He points to the surge in U.S. interest rates on Friday, with the 10-year Treasury yield jumping to 4.6%, reaching the upper end of its recent range.
Zandi recently estimated that higher gasoline prices linked to the Iran war have cost U.S. consumers an additional $21.3 billion at gas stations. He has also argued that higher tariffs on imported goods have significantly hurt the U.S. economy. Both issues have contributed to slowing job growth over the past year.