Oil prices see sustained surge
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Uncertainty over tariffs had already led the central bank to adopt a wait-and-see approach to interest-rate decisions.
Friday's selloff in U.S. government debt, sparked by inflation concerns stemming from the escalating conflict between Israel and Iran, sent Treasury yields up by the most in one week as oil prices surged.
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
High prices will undermine Trump’s plans to drive inflation lower and make it harder for the Federal Reserve to cut rates
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Cryptopolitan on MSNThe global economy is at massive risk of Iranian oil taken off the marketThe global oil market is back in chaos after Israel launched military strikes against Iran on Friday. The move pushed crude oil prices up 8% to $74 a barrel
The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues and an intensifying conflict in the Middle East.