Forex Bull

We have all probably heard of the oil shock, but what is this consumption shock? The US economy was impacted by an oil shock, when OPEC increased oil prices in the 70s. OPEC’s move led to oil prices going up nearly four times, a move that slowed the wheels of the economy.

The US economy seems to have reached a critical point where recession may be accompanied by inflation, a situation that is extremely difficult for the Fed to manage.