Registrieren

THE squeeze is real, and it is being felt in every household ledger and every company budget in the country. Renewed hostilities between the United States and Iran have sent fuel and energy prices surging to levels we have not seen in years. Shipping through the Strait of Hormuz and the Red Sea is disrupted, and everything that arrives on our shores by sea — which is to say, nearly everything — now costs more to bring here. Inflation remains stubbornly above target. Food prices are under pressure, with an El Niño looming over our rice supply. Growth forecasts for the year have been cut, one after another.