By: Russ Kamp, CEO, Ryan ALM, Inc.

Crude Oil WTI is up 53.2% (as of 12:57 pm on 3/30) since the outbreak of the war in Iran. As I wrote in the post below, it isn’t just the shock at the pump that one should be focused on, but the 1,000s of U.S. manufactured goods and industrial processes that contain and use oil and its many derivatives. The U.S. economy will be dealing with the aftermath of supply disruptions and rapid price increases for quite some time. I can’t see a near-term scenario in which U.S. interest rates get cut by the Federal Reserve. Can you?