1 min read

The Impact on the Economy, Inflation, and Gasoline as Energy Prices Tick Up

Picture of Scott Colbert Scott Colbert : March 30, 2026

Economy Economic Insights
The Impact on the Economy, Inflation, and Gasoline as Energy Prices Tick Up

Recorded March 30, 2026

In the latest Commerce Trust Market Brief video, Scott Colbert, Chief Economist and Director of Fixed Income Management, discusses how the rise in oil prices has increased the price of gasoline at the pump for consumers and impacted market expectations for economic growth and inflation this year. Since the Iranian conflict began:

  • Treasury yields have jumped this year, including the 10-year Treasury, contributing to a rise in mortgage rates, potentially slowing future economic growth  

  • Expectations for the Federal Reserve to cut interest rates have declined dramatically

  • And while we can absorb the resulting energy price shocks in the short term, markets will be looking at whether U.S. job growth will continue as a key driver of long-term economic growth


 

Read the transcript

 

 

 

Interested in more insights?

Enter your email to subscribe.

This summary is intended to provide general information only and may be of value to the reader and audience.

Past performance is no guarantee of future results. This material is not a recommendation of any particular investment strategy, is not based on any particular financial situation or need and is not intended to replace the advice of a qualified tax advisor or investment professional. While Commerce may provide information or express opinions from time to time, such information or opinions are subject to change, are not offered as professional tax, insurance, or legal advice, and may not be relied on as such.

Diversification does not guarantee a profit or protect against all risk.

Commerce Trust is a division of Commerce Bank.

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

 

 

Related Articles