Why Red Sea attacks could create inflationary pressures

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The World Bank sounded the alarm this week over disruptions to global shipping routes and supply chains stemming from attacks on vessels by Yemen’s Houthi rebels. The organization warned the turmoil could negatively impact inflation and prolong economic headwinds. Yahoo Finance's Rick Newman explains why it may be a reason the Biden administration took action on Thursday. About Yahoo Finance: #youtube #stockmarket #stocks Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-01-12 · Watch on YouTube ↗
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