Seth Carpenter: The ECB, The Fed and Oil Prices

This podcast episode discusses the European Central Bank's (ECB) recent decision to raise interest rates despite signs of a weakening economy. The ECB cited high inflation as the reason for the rate hike, but analysts believe that the bank may have overreacted to headline inflation. The podcast also examines the potential impact of oil price increases on inflation and consumption, noting that the pass-through from oil prices to inflation is modest in developed market economies.