Soaring Oil Prices Reignite Inflation and Interest Rate Concerns
Rising crude oil prices, approaching $100 a barrel, are fueling inflation fears and causing US Treasury yields to weaken as investors worry about potential interest rate hikes. Asian markets remain mixed as traders assess the impact of higher energy costs on global economic stability.
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Asian shares are mixed as Brent crude approaches $100 a barrel - AP News
Asian shares are mixed as Brent crude approaches $100 a barrel AP News
Read full article →Treasuries Weaken as Soaring Oil Prices Revive Rate Hike Worries
Treasuries fell as traders worried that rising oil prices will fan inflation and add to pressure on the Federal Reserve to raise interest rates.
By James Hirai
Read full article →Higher crude prices fan inflation fears
Oil prices jumped more than one percent towards $100 on Sept. 9 and stocks struggled in Asian markets as a fresh flare-up in the Middle East crisis stoked supply concerns, putting upward pressure on inflation ahead of key U.S. data at the end of the week.
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