7
President Donald Trump’s decision to attack Iran will have significant consequences for the US economy.
On Thursday, the Organisation for Economic Co-operation and Development forecast that US inflation will exceed 4% in December. "The energy price surge and the unpredictable nature of the evolving conflict in the Middle East will raise costs and lower demand, offsetting the tailwinds from strong technology-related investment and production, lower effective tariff rates and the momentum carried over from 2025."
The White House has taken several steps to keep oil prices from spiking, including. . .
