War's Impact: Oil, Stocks, and Fed's Dilemma
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Financial markets kicked off the year steady, but the war in Ukraine sent shockwaves, causing a surge in oil prices and a drop in stocks. The Federal Reserves plans are now in jeopardy, as lower rates could fuel inflation and higher ones could slow growth. Energy stocks like Exxon Mobil saw huge gains, while safe bets like bonds were dumped amid inflation fears. Bond yields spiked, hiking mortgage and loan rates. The situation in the Strait of Hormuz remains tense, with more wild swings in oil and stocks expected until it clears up.
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