Fox Host Offers Grim Outlook On Oil Supply Disruption: That's The Price of Everything'

"We have slow growth and inflation that is still a concern from the numbers we got on the economy. The interesting thing about the University of Michigan survey is half of it was taken before the war and then the other half was taken after February 28th and obviously the signs were very different. Half the respondents said that things are really starting to pick up and look good and then all of the survey participants taken after February 28th had started to notice a lot more anxiety and deterioration particularly around their ideas of inflation."

"A lot of people are now looking at just 2% GDP growth this year. That's like on trend. I wanted three, four, five percent. Real consumption just rose about a modest one-tenth of one percent. With energy prices, tighter financial conditions with rising bond yields, private sector uncertainty, my worry is sort of taking out the big positive tailwinds that we had talked about."

Fox Business hosts discussed economic concerns following U.S.-Iran tensions and their impact on markets. GDP growth was revised downward to approximately 2% for the year, below desired levels of 3-5%. Real consumption growth remained modest at one-tenth of one percent. A University of Michigan survey showed a stark shift in consumer sentiment after February 28th, with respondents reporting increased anxiety about inflation. Rising energy prices, tighter financial conditions, elevated bond yields, and private sector uncertainty pose risks to economic momentum. While job numbers remain positive, these headwinds could offset previous economic tailwinds, creating a challenging outlook for sustained growth.

Read at www.mediaite.com