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Hawkish Fed Pivot? Markets Brace for Inflation Shockwave; Oil Surges

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Rising oil prices and stubborn inflation suggest the Fed may hike rates again in September, shifting the narrative away from monetary easing.
  • Markets are bracing for critical upcoming CPI and PPI reports that will determine the FOMC's next move.
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BRENT price history

106.64 +66.29% over the displayed period

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