🚨 EVERYONE IS CELEBRATING LOW INFLATION. But no one is paying attention to this. The same thing that brought inflation down is picking up again. Oil is almost back at $81, its highest level in 4 weeks. Every $10 increase in oil prices adds 0.3% to US inflation. And this time the situation could be even worse. First of all, the US petroleum reserve is at a 40-year low, which means oil prices can't be suppressed more by releasing new supply. Additionally, AI is now contributing to inflation, and even the Fed is admitting that. Furthermore, AI spending is only expected to accelerate, so inflation won't cool down much. This means low inflation is only a buzzword, and the Fed's 2% target won't be reached until the US economy enters a recession.(Crypto Rover)