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Will OPEC+ production cuts boost inflation?
Posted
April 13, 2023
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2,662
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YouTube Description
as posted by the channelOPEC+’s surprise production cuts, announced April 2, may complicate the Federal Reserve’s yearlong mission to cool the US economy. The series of cuts, overall equivalent to a massive 3.7% of global demand, could undo the Fed’s progress on inflation, which has fallen from a 40year peak of 9.1% yearoveryear last June to 5.0% in March. How might the Fed respond to this unexpected development? Presented by @cmegroup
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