The embed is a screencap from Facebook several days ago, but I've seen a similar forecast during a live discussion on Bloomberg TV. The next Consumer Price Index report is scheduled for this coming Friday, April 10, before the markets open. This will cover the month of March and thus will be the first one to reflect rising oil prices from the U.S./Israel war on Iran.
The second embed is also from before this weekend. The Federal Reserve is in an impossibly terrible position if the anticipated "stagflation" occurs. The investment community has been counting on a decrease in federal funds rates, arguing over one vs. two cuts in the year ahead. More recently they have expected no rate cuts. Now the possibility of a rate increase looms.
Before we started this war, nobody would have imagined the Fed increasing rates. It's probably not priced into the market now, but even the possibility of a rise in the future will have major reverberations on equity prices and bond yields.
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