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Jim Cramer Links Lower CPI to $40 Oil While Brent Crude Remains Above $92
(4 hours ago) · 1 source · Summarized by CryptoBipto
Television financial commentator Jim Cramer has suggested that relief from inflation, as measured by the Consumer Price Index (CPI), would require oil prices to drop to around $40 per barrel. However, Brent crude oil is currently trading above $92, far from that level.
WHY IT MATTERS
Even though this story is about oil prices and inflation rather than crypto directly, it matters for crypto participants because inflation affects interest rates, which influence all financial markets.
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SOURCES
- beincrypto.com
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InflationOil PricesMacroeconomicsCPI