Monetary Policy | Geopolitics | Indian Economy Dear RBI: The Market Has Already Priced In the End of This War. Have You? Brent is a seesaw, not a structural breakout. Goldman sees $67–83 WTI by Q4. The RBI's own inflation forecasts may be obsolete before the ink is dry. The case for growth-first just got much stronger. By Sumon Mukhopadhyay There is something almost admirable about the art of being confidently wrong in slow motion. The original draft of this very article — written a few days ago — described Brent crude as "cooling," called the Strait of Hormuz situation one of easing geopolitical risk, and suggested that oil prices were retreating toward more comfortable territory. It was, in the immortal tradition of macro commentary, fighting the last battle. The reality, as of this writing, is considerably more interesting...

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