Yardeni Says Inflation, Fed Back in Play on Iran Crisis

Ed Yardeni warns that the renewed Iran conflict could lift oil prices, adding to inflation pressure. He argues this would increase the risk that the Federal Reserve is forced to hike interest rates. The note is cautionary for risk assets via its inflation/rates transmission channel, though it provides no specific numeric estimates.

Analysis

Ed Yardeni warns that the renewed Iran conflict could lift oil prices, adding to inflation pressure. He argues this would increase the risk that the Federal Reserve is forced to hike interest rates. The note is cautionary for risk assets via its inflation/rates transmission channel, though it provides no specific numeric estimates.