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Oil Prices Rise, But Recession Not Imminent, Expert Says

3/14/2026

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Summary

Story summary

Claudia Sahm, creator of the Sahm Rule, told Jean Chatzky that the oil-price conflict is serious, but she does not believe a recession is imminent.
She notes rising oil prices will trickle down to gas, groceries, and overall costs.
She advises caution and saving larger tax refunds instead of increased spending.
Sahm encourages resilience and clear-eyed navigation of economic challenges, stating that panic will not help.

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Story summary

Claudia Sahm, creator of the Sahm Rule, told Jean Chatzky that the oil-price conflict is serious, but she does not believe a recession is imminent.
She notes rising oil prices will trickle down to gas, groceries, and overall costs.
She advises caution and saving larger tax refunds instead of increased spending.
Sahm encourages resilience and clear-eyed navigation of economic challenges, stating that panic will not help.