Kai Ryssdal

It is kind of a choose-your-own-economic-misadventure with this war.

What are you more worried about, inflation or growth?

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kai Risdahl.

It is Thursday today, the 26th of March.

Good as always to have you along, everybody.

The risks of this war come in many forms, as we know, and most of them are being covered in depth elsewhere.

But for us, what we're worried about falls into two big buckets, threats to global economic growth and threats to global inflation.

Along those lines, this news item today, a projection from the Organization for Economic Cooperation and Development that says short run global inflation is going to be 1.2 percent higher on average than it would have been had the past three weeks never happened.

Also relevant, the OECD didn't, as in did not, raise its forecast for global growth as it was expected to, again, three weeks ago.

So, which risk ought we worry about more?

I do think that we probably will not get a recession unless oil prices rise further a lot.

Wall Street today.

I'm going to give you the taco trade update because that's what seems to be driving markets of every variety.

During the session, equities were terrible would be a fair word.

But 11 minutes after the closing bell, the president said on his social account that he is and this is a quote.

pausing the period of energy plant destruction by 10 days to Monday, April 6th, 2026 at 8 p.m.

Eastern Time.

Thank you for your attention to this matter.

End of quote.