DoubleLine Deputy CIO Jeffrey Sherman warns that oil disruption could have massive economic ramifications and that the oil market is effectively 'doing the hiking for the Fed.' He implies increased oil-driven inflation and upward pressure on yields, which could tighten financial conditions and weigh on growth and risk assets. The comments point to upside risk in energy and commodity prices and added complication for Fed policy and portfolio positioning.
DoubleLine Deputy CIO Jeffrey Sherman warns that oil disruption could have massive economic ramifications and that the oil market is effectively 'doing the hiking for the Fed.' He implies increased oil-driven inflation and upward pressure on yields, which could tighten financial conditions and weigh on growth and risk assets. The comments point to upside risk in energy and commodity prices and added complication for Fed policy and portfolio positioning.
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mildly negative
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