Ghalibaf: America's inflation expectations are dependent on the Strait of…

Ghalibaf: America's inflation expectations are dependent on the Strait of Hormuz and Bab al-Mandab. 🔹The Speaker of Parliament, in a tweet, preemptively deemed today's noisy decision by the U.S. Central Bank on interest rates ineffective, stating: "Let's see if the Federal Reserve can open the Strait of Hormuz or produce an extra barrel of oil by raising interest rates!" 🔹Interest rate fluctuations cannot manage inflation expectations in the U.S. because these expectations are influenced by supply-side shocks resulting from the blockage of energy chokepoints, namely the Strait of Hormuz and Bab al-Mandab, and are unrelated to interest rates. It is this 'risk of the Strait of Hormuz' that determines the rate, and the control of this risk is now in Iran's hands.