‼️🇺🇸🇮🇷 Eight weeks of war with Iran have hit the US economy hard, — CBS News
▪️The conflict has pushed gas prices over $4 a gallon, created hurdles for home buyers, and spiked inflation to the highest level in nearly two years.
▪️Even if the war wraps up soon, Americans will feel the financial fallout for a long time.
➖"I think the damage is already done, partly because oil prices are unlikely to change, at least in the near term," said Mark Zandi, chief economist at Moody's Analytics.
▪️Economists also mention that disruptions in fertilizer production and supply could pressure food prices.
$BTC
▪️The conflict has pushed gas prices over $4 a gallon, created hurdles for home buyers, and spiked inflation to the highest level in nearly two years.
▪️Even if the war wraps up soon, Americans will feel the financial fallout for a long time.
➖"I think the damage is already done, partly because oil prices are unlikely to change, at least in the near term," said Mark Zandi, chief economist at Moody's Analytics.
▪️Economists also mention that disruptions in fertilizer production and supply could pressure food prices.
$BTC