The GM of Jobkins Center for Strategic Studies, expert, strategic and economic analyst engineer Mohannad Abbas Haddadin said that the possibility of raising interest rates during this year is at least once in light of high inflation data, where inflation recorded an unexpected rise for the month of April at 3.8%, and the CPI data for the month of May came at 4.8%, noting that US jobs registered positive by providing 172 thousand jobs, all because of the Strait of Hormuz crisis, which kept high oil prices, which are still over 90 dollars, which have risen since the previous three months before the war on Iran more than 30%

 

 

 

What does it mean?

The global economy will suffer until the end of this year with inflation that may turn into an inflationary recession and this will be reflected on 2027, which may begin with a journey to raise interest rates, and all this will reverse the US President's policy of cutting interest rates to support economic growth, but the specter of the Iranian crisis, whose threads are intertwined and those threads may continue until the end of Trump's rule .

 

Raising interest rates will bring down the prices of gold and silver, especially since some central banks in the world have started selling some of their gold reserves .

This uncertainty will continue unless we reach a real solution in the Middle East crisis, especially since the world reserves of oil reserves of the major countries have begun to run out and the world will face a shortage of oil supply, prices will remain until the end of the year between 85 to 95 dollars per barrel,and the cost of logistics shipping will rise due to the rise of oil and transportation risks, which also reflects on world commodity prices, and inflation may exceed by the end of this year 4%