Posted 10/9/2023, 10:27:00 AM
Middle East Violence Sparks Oil Price Spike, Worrying Fed and Markets About Inflation
- New violence in Middle East after Hamas attacked Israel raises oil prices, potentially disrupting disinflation
- Fed is concerned about inflation as energy costs increase with Middle East conflict
- Markets worried about impact of oil price spike on inflation and Fed policy
- Israel attack comes as Fed trying to raise rates to curb inflation
- Geopolitical unrest adds to Fed's raft of problems of inflation, rates, recession risk
