The First Federal Reserve Inflation Forecast for March Is In -- and It's Not Pretty

Over the last month, through March 19, the average nationwide price of a gallon of regular gas has jumped by 33%, according to data from AAA. Meanwhile, the average price for a gallon of diesel has surged by 39%.The Iran war represents the largest disruption to the global energy supply chain in history. While it's possible that the release of strategic reserves by select countries may temper the near-term demand shock, the impact of this disruption and the uncertainty of how long this military conflict may ...