Marketplace reports that three economists predict a summer gas-price hike as the war in Iran continues to drain U.S. and global oil reserves — even an immediate end to the conflict would not relieve the supply-demand tension. Bond investors signal that they expect inflation to persist for some time. Upcoming IPOs are unlikely to move the needle on total market capitalization, and Kansas City faces lower-than-expected short-term rental demand as the World Cup kicks off.
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Highlights
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Summer gas prices are set to rise
Three economists agree that gas prices will increase this summer because the war in Iran is draining oil reserves, and even an end to the war today would not resolve the supply-demand imbalance.