Fed Hikes Rates, Oil Affordability Crisis & Paramount Threatens California Exit
Summary
The PBD Podcast discusses the economic fallout from the Iran conflict, focusing on record-high diesel prices and the Federal Reserve’s controversial rate hike. Guests Jeff Snyder and Tom debate whether the Fed’s move was a symbolic insurance policy against inflation or a misstep, while analyzing the "crack spread" and potential for a recession. The episode also covers Paramount’s departure from California, the Houthi drone strike over Mecca, and the financial struggles of farmers facing soaring fuel costs.
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