KASHKARI: INFLATION IS VERY HIGH
— *Walter Bloomberg (@DeItaone) March 24, 2022
This is gold 😂 pic.twitter.com/FXWKl5RzXS
— Avid Commentator 🇦🇺 (@AvidCommentator) March 24, 2022
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. – Thomas Jefferson pic.twitter.com/0aleicpyqG
— Ben Rickert (@Ben__Rickert) March 24, 2022
Mr. Incompetent and his friends.
Inflation version. pic.twitter.com/846i1pdu0D
— Maze (@mazemoore) March 24, 2022
FED'S EVANS: WE WANT TO BE CAREFUL || MAYBE A 50 BPS HIKE HELPS, I'M OPEN MINDED
— First Squawk (@FirstSquawk) March 24, 2022
“We now look for the Fed to raise rates by 50bp at both its May and June meetings, with 25bp rate hikes penciled in for each meeting over the balance of the year… a start to QT in May, and see three further hikes in 2023, taking the fed funds rate to a likely peak at 3.0%”
MS
— Jonathan Ferro (@FerroTV) March 24, 2022
Trader: Oil at $150 per barrel ‘possible’
Oil at $150 a barrel is not “outside the realm” of possibilities, says one energy trader.
“It’s hard to take anything off the table right now. Russia is starting to retaliate with its own response to U.S. sanctions, whether that’s demanding payments in rubles or potentially not allowing crude to flow through a very prominent pipeline through Kazakhstan,” Rebecca Babin, senior equity trader for CIBC Private Wealth, told Yahoo Finance Live.
“As we’ve seen this escalate in ways that were very low probabilities when we started, and having these tangential impacts across markets, I think $150 isn’t outside the realm of possibility. I think $200 is a massive overreaction because at $150 you start to see demand destruction.”
Airfare is expected to increase in the coming months as the cost of jet fuel takes off and amid increased demand from travelers.
According to mobile travel app Hopper’s Consumer Airfare Index Report for January 2022, an average 7% increase in domestic airfare is forecasted each month until June, topping out at $315 for a round-trip ticket.