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Stock impact report

Iran oil price shock scrambles Fed outlook, rate discussions [Yahoo! Finance]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
Company Research Source: Yahoo! Finance
The war in Iran, which has pushed up oil prices to around $100 a barrel, is scrambling the path the Federal Open Market Committee may have seen for interest rates this year. Read more: How oil price shocks ripple through your wallet, from gas to groceries Oil's sudden increase has implications for inflation and economic growth — pushing inflation up, growth down, or both — depending on how long the conflict persists. “I think it's more of an impact on growth when we look a year out,” Wilmington Trust chief economist Luke Tilley told Yahoo Finance on Monday. “It will hit CPI and PCE headline inflation right away, but I don't think there's a lot of pass-through to core inflation, and there's more of a concern for economic growth than for inflation.” Historical research shows that as long as the oil price shock comes from the supply side, it doesn't lead to high “core” inflation — the price measure that excludes energy and food prices — even though it will show up in headline nu Show less Read more
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