1 Bloomberg’s John Authers: One critical factor limiting the #US #bargainingposition: #affordability. Unlike their #Iranian opponents, they have #voters to worry about who made it clear at the last election that high #inflation was a serious problem for them. 🧵
2 Bloomberg’s John Authers: Publication of US #consumerprice #inflation data for March has now confirmed that the spike in #gasoline #prices has indeed taken the headline to its highest level in more than two years, and back above the Federal Reserve’s upper-range target of 3%. #inflation