Oil’s surge back above $100 fuels fresh inflation fears at a crucial time for interest rates — SkimNews
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- Oil prices climbed above $100 a barrel on Wednesday for the first time in seven weeks, reviving concerns about global energy supply disruptions.
- The move fueled fears of a fresh inflationary shock landing just as major central banks prepare to make key interest-rate decisions later this month.
Why it matters: Central banks are days from their key rate decisions, and an oil-driven inflationary shock arriving at exactly that moment complicates their calculus. Policymakers now face renewed energy supply risk at the precise point they were preparing to act on interest rates.
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