ilmscore | Prediction Details
"This isn't a good situation if the United States if we decide to start filling back up the the Strategic uh oil reserves right in a time period when let's say oil is already going up and maybe we have more geopolitical conflicts that could cause a situation where oil price goes up considerably this summer which can then cause more inflation which then leads the FED to stay higher for longer which could end up leaning on the economy and eventually causing a bad recession right eventually 6 months 12 months 18 months from now"
By Financial Education | April 8, 2024 | Pending
From video
I have good news 00:13:50 - 00:14:23
Interpreted Prediction
If the US starts refilling its Strategic Petroleum Reserves in summer 2024 during a period of rising oil prices and geopolitical conflict, oil prices will rise considerably, leading to increased inflation, causing the Fed to keep interest rates higher for longer, which could result in a severe recession within 6 to 18 months.

Prediction Details

Topic
US Economy / Oil Prices

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