Oil Back Above $100: Why Energy Inflation Could Keep Rates High
Oil just jumped back above $100, with Brent hitting its highest settlement since April after Houthi attacks in Saudi Arabia. But the real risk isn't the gas pump. It's what a sustained energy shock does to inflation expectations, and what the Fed might do about it. Here's how a barrel of crude reaches your borrowing costs, and what to watch when the Fed decides on October 28.
Oil Broke $100 and Stocks Barely Blinked — Because the Bond Market Already Paid the Bill
Brent crude pushed past $100 a barrel Wednesday for the first time since July 24 — and S&P 500 futures barely moved. That gap isn't complacency. With the 10-year Treasury near 4.80% and futures pricing roughly 60% odds the Fed raises rates next week, the oil shock has already been absorbed through the rates channel instead of the equity channel. Thursday's PPI print is the sharper test of whether it leaks into everything else.