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You can’t 25bp a chokepoint: Iran mocks US Fed rate hike with equation linked to Hormuz
Mohammad Bagher Ghalibaf mocked the Federal Reserve's 25-basis-point rate hike with a satirical Hormuz-linked equation on X. His post argued that monetary tightening cannot resolve an oil and shipping shock centred on key maritime chokepoints.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf mocked the Federal Reserve's 25-basis-point rate hike with a satirical Hormuz-linked equation on X. His post argued that monetary tightening cannot resolve an oil and shipping shock centred on key maritime chokepoints.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has mocked the US Federal Reserve's latest interest-rate hike, arguing that a central bank cannot use higher interest rates to fix an oil and shipping shock linked to the Strait of Hormuz.
Ghalibaf made the remarks on X after the Federal Reserve raised its benchmark interest rate by 25 basis points on Wednesday, taking the target range to 3.75%-4%. It was the Fed's first rate hike since 2023.
