Timestamps:
00:00 Oil-Driven Inflation Shock and Market Disruption
00:59 Headlines on Unsanctioning Iranian Crude
02:22 Repricing Growth and Inflation Expectations
03:07 Central Bank Strategy: The Case for Hiking Rates
04:00 Impact on Demand and the American Consumer
05:04 Global GDP’s “Circulatory System” Blockage
05:40 Shifting Expectations for Fed Policy
The Appropriate Response From Central Banks Might Be To Hike Rates – Cutting Would Be A Giant Mistake
Bespoke Commentary — March 20, 2026
Bloomberg
Jim Bianco of Bianco Research joined Bloomberg Surveillance to discuss the escalating crisis in the Middle East and its profound impact on the global oil market and broader economy with Jonathan Ferro & Annmarie Hordern.