Monday the 25th Sep 2023 - JohnI does it again!, page-7

https://www.wsj.com/economy/u-s-economy-could-withstand-one-shock-but-four-at-once-8312ba51?mod=hp_lead_pos3

An excerpt below …

[[[[[ The U.S. economy has sailed through some rough currents this year but now faces a convergence of hazards that threaten to create more turbulence.Among the possible challenges this fall: a broader auto workers strike, a lengthy government shutdown, the resumption of student loan payments and rising oil prices.Each on its own wouldn’t do too much harm. Together, they could be more damaging, particularly when the economy is already cooling due to high interest rates.“It’s that quadruple threat of all elements that could disrupt economic activity,” said Gregory Daco, chief economist at EY-Parthenon. ]]]]]



https://www.wsj.com/economy/wall-street-is-hoping-100-oil-aint-what-it-used-to-be-55a1f54a?mod=hp_lead_pos2

An excerpt below …

[[[[[ A string of inflationary shocks has challenged the Federal Reserve’s effort to control price increases. Investors are worried the latest could be $100-a-barrel oil. Crude’s march closer to that mark has made Americans’ commutes more expensive. Truckers who haul food cross-country are charging grocery stores more for diesel. Jet-fuel-reliant airlines are demanding higher fares. And manufacturers of everything from plastic toys to asphalt could face costlier ingredients. Oil’s rise has inspired fresh fears from Washington to Wall Street that energy, which the Fed largely excludes in its policy calculus, could throw off central bankers’ attempted soft landing of the fuel-hungry American economy. Some investors and economists have compared the moment to previous periods in which booming oil prices have helped tip the country into recession. ]]]]]

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