Marketplace All-in-One The Francis Scott Key Bridge, two years later
Mar 26, 2026
Janti Soeripto, leader of Save the Children U.S., discusses how rising transport and logistics costs strain relief work. Stephanie Hughes, reporter who covered the Francis Scott Key Bridge rebuild, takes listeners onto the construction site and its local economic impact. Nova Safo, business and economics reporter, explains short-term global inflation shifts and market reactions to oil and geopolitical risk.
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OECD Sees Immediate Inflation Hit From Iran War
- The Iran war raises short-run global inflation by about 1.2 percentage points according to the OECD.
- The OECD still projects global growth at 2.9% but warns energy-driven inflation could spread into food and energy-intensive goods.
Why The Fed Ignores Short-Term Energy Spikes
- The Federal Reserve typically 'looks through' energy shocks and won't automatically raise interest rates for temporary oil-driven inflation.
- The Fed watches long-term inflation expectations because if they rise, a temporary shock can become self-fulfilling.
Key Bridge Collapse Still Costing Commutes And Money
- The collapse of the Francis Scott Key Bridge removed a major commuting artery and adds about 21,000 extra weekday traffic hours.
- Rebuilding is extended to late 2030 with costs up to $5.2 billion and federal coverage for the project.