Stephanie Roth

speaker

365 appearances 1 recordings 1 series first heard Jul 2026 last heard 15 Jul

Stephanie Roth’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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I think it's fair.

And that's why oil prices have drifted notably higher than where they were.

It was impressive how much oil prices came down initially.

Now they've jumped back up, but they're not nearly where they were earlier in the year.

And I don't think that will happen.

I don't think we're going to get to that type of escalation because neither side really wants that.

So it's possible we'll settle with WTI in the 80s for a period of time, which is not great, but that's not a disaster for the consumer.

The consumer, as we've seen, has been able to be resilient through a lot of this.

It's caused some inflation, of course, in energy prices because it feeds directly into that.

But the broader implications are a little bit more limited in terms of core inflation.

The main effects show up through airfares.

So I think it's a problem of price level versus what's actually happening in terms of inflation.

So the price level went up in the years after COVID, partially because there was a lot of stimulus coming from the government, supply chain issues.

Once companies tend to raise prices, they don't generally lower them in a big way.

So we got a big shock to price level.

People are still upset about how much things cost because they still remember what they were before the pandemic.

Although eventually that will start to fade as people kind of forget what prices used to be.

So they're unhappy.

If you ask consumers, consumer sentiment measures are quite negative.

People say things are unaffordable today.

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