Are Higher Gas Prices About to Push the U.S. Into Recession?

The Financial Exchange Show · Mar 17, 2026 · 38m · transcript

Mike Armstrong and Marc Fandetti break down the growing economic fallout from the war in Iran as oil prices surge and recession risks climb.

With gas prices jumping sharply and diesel and jet fuel costs rising, Mike and Marc examine:

• How higher energy prices act like a tax on consumers

• Why Moody’s warns a recession may be hard to avoid

• The return of “stagflation” — and what it really means

• Whether the Federal Reserve can look past an oil-driven inflation spike

• How rising fuel costs could ripple through airlines and travel

Plus, they discuss market resilience despite geopolitical…