Markets Eye Fed's Powell for Rate Signals as Oil Jumps on Mideast Tensions

Markets look to Fed Chair Powell's speech on Thursday for signals on interest rates amid Middle East tensions driving up oil prices.

Israel-Hamas conflict has put markets on edge, pushing up oil and demand for safe havens like gold. Investors focused on whether stubborn inflation will keep rates high.

Tensions in Middle East adding volatility, with oil prices climbing 7% since Hamas attack on Israel on Oct 7. Iran called for oil embargo on Israel.

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