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Fed Rate Hike Fears and Oil Surge Pressure Equities as JPMorgan Gains

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Surging crude oil above $100 and stronger labor data have fueled expectations of a Fed rate hike.
  • Rising Treasury yields near 5% threaten broader equity valuations, while boosting net interest margins for major lenders like JPMorgan Chase amidst elevated commodity price risks.
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