Iran War Likely to Drive Up Inflation Next Year, CBO Says The Congressional Budget Office (CBO) has warned that an Iran war could lead to higher inflation rates next year due to increased oil prices.
The report highlights the complex factors contributing to inflation, including disruptions to global supply chains and trade patterns. What's Behind the CBO's Inflation Forecast?
The CBO's forecast is based on historical data and economic trends, including GDP growth rates, unemployment levels, and monetary policy decisions.