LONDON (March 11): US stock market indices have weathered this month's oil shock well so far because investors expect only a glancing overall GDP hit from higher energy costs. Worries about food prices are creeping in too, as fertiliser ‌shipments are also being snagged in the Middle East Gulf region. For the producers and exporters of all that domestic US oil and natural gas, this is a ​big windfall. While the net impact on headline inflation could be as high as 0.7 percentage point, the effect on real GDP, unemployment and core inflation is just 0.1 point, he ​showed. Stacked bar chart about gas price predictions

Source: The Edge Markets March 11, 2026 09:56 UTC