Economists Warn Iran War Increases Risk of Recession in Next 12 Months

One hundred dollar bill shaped like a US map and economic data

Source: Anton Petrus/Getty The Iran war is already having a significant impact on the wallets of US citizens. Gas prices have risen over the past month, with no signs of slowing down anytime soon. As the war in Iran continues to disrupt oil supplies and shipping lanes, several economists have warned that prolonged conflict in … Read more

Goldman Sachs has a mixed message on oil prices and jobs

Goldman Sachs has a mixed message on oil prices and jobs

Goldman Sachs economist Pierfrancesco Mei published a note on March 26 estimating that rising oil prices will reduce US wage growth by about 10,000 jobs per month until the end of 2026. The bank also expects the unemployment rate to rise 0.2 percentage points overall to 4.6% in Q3 2026. Higher oil prices account for … Read more