Kristen Schwab

Because expensive oil... It's a stagflationary shock.

Pricey gas could also make goods more expensive and push inflation up.

If people already believe inflation is likely, it could drive more inflation.

And Wessel says that possibility is enough for the Fed to be more hesitant than usual about cutting rates in the coming months.

I'm Kristen Schwab for Marketplace.

economy is that it's very large and has a lot of momentum, and it's really hard to knock it off the trend that it's on.

And so you do need a really big shock.

Most of the CapEx budgets, drill schedules, all of that in particularly Texas, New Mexico are already set.

Lately, five days in this economy has enough news to feel more like six.

From American Public Media, this is Marketplace.

In New York, I'm Kristen Schwab in for Kyra's doll.

It's Friday, March 13th, and it's good to be here with you.

There are lots of eyes on what's happening abroad.

Also, lots of eyes on a bunch of data we got today about the economy here.

So let's get into what we can with the handful of minutes we have.

Today, it's just me and Rachel Siegel at The Washington Post.

Hey, Rachel.

Hi.

Happy Friday.

Happy Friday.