Uploaded March 2026 | Updated September 2026, 2 weeks ago
In this week's episode of WSJ’s Take On the Week, co-hosts Telis Demos and Miriam Gottfried analyze the Federal Reserve’s latest decision to hold rates steady—and the surprising shift in market expectations toward a potential hike. They break down Fed Chair Jerome Powell’s take on the Misery Index and whether stagflation is truly returning this year. The hosts also discuss what to watch for at the upcoming CERAWeek energy conference.
After the break, Miriam and Telis are joined by Natasha Kaneva, head of global commodities research at JPMorgan. Kaneva explains the math behind why oil could hit a $125 ceiling and why $90 marks the red line for global demand destruction. She details China's push for energy self-sufficiency, and shares critical advice for your summer travel plans.
Chapters:
00:00 Introduction and vacation planning advice
00:17 Fed meeting and stagflation concerns
04:44 Jones Act and market interventions
06:11 CERAWeek preview and energy demands
07:02 Listener question: Gold vs oil
08:49 Strait of Hormuz crisis begins
09:29 Supply disruption math and pricing
14:52 Demand destruction and price ceiling
21:17 Future energy strategy and CERAWeek discussion
26:29 Retail trading and gold forecast
This is WSJ’s Take On the Week where co-hosts Telis Demos, Heard on the Street’s banking and money columnist, and Miriam Gottfried, WSJ’s investing and wealth management reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.
Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.
#WSJ #OilMarkets #StraitofHormuz
In this week's episode of WSJ’s Take On the Week, co-hosts Telis Demos and Miriam Gottfried analyze the Federal Reserve’s latest decision to hold rates steady—and the surprising shift in market expectations toward a potential hike. They break down Fed Chair Jerome Powell’s take on the Misery Index and whether stagflation is truly returning this year. The hosts also discuss what to watch for at the upcoming CERAWeek energy conference.
After the break, Miriam and Telis are joined by Natasha Kaneva, head of global commodities research at JPMorgan. Kaneva explains the math behind why oil could hit a $125 ceiling and why $90 marks the red line for global demand destruction. She details China's push for energy self-sufficiency, and shares critical advice for your summer travel plans.
Chapters:
00:00 Introduction and vacation planning advice
00:17 Fed meeting and stagflation concerns
04:44 Jones Act and market interventions
06:11 CERAWeek preview and energy demands
07:02 Listener question: Gold vs oil
08:49 Strait of Hormuz crisis begins
09:29 Supply disruption math and pricing
14:52 Demand destruction and price ceiling
21:17 Future energy strategy and CERAWeek discussion
26:29 Retail trading and gold forecast
This is WSJ’s Take On the Week where co-hosts Telis Demos, Heard on the Street’s banking and money columnist, and Miriam Gottfried, WSJ’s investing and wealth management reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.
Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.
#WSJ #OilMarkets #StraitofHormuz
