The Reason Why The Fed Can't Aggressively Cut Rates
Benjamin Cowen·2026-03-06 18:16
The issue that we have is that on the same day we had this negative payroll print, oil is up 12 to 13%. So that's the why that's the reason why the Fed can't aggressively cut rates because energy prices, not just oil, but energy prices collectively, I think make up about 7% of CPI. That might not sound like a lot, but when energy prices can swing, say 30 to 50% in a year, they can have an effect on inflation. ...