It was unthinkable a couple of weeks ago, but could the next move by the Fed be a rate hike?

Soaring fuel prices since the start of the war with Iran have raised the possibility that the Fed's next move could be an interest-rate hike, reversing recent expectations of continued pause. Higher energy costs add upside pressure to inflation and could force policy tightening, increasing market volatility and downside risk for growth-sensitive assets.

Analysis

Soaring fuel prices since the start of the war with Iran have raised the possibility that the Fed's next move could be an interest-rate hike, reversing recent expectations of continued pause. Higher energy costs add upside pressure to inflation and could force policy tightening, increasing market volatility and downside risk for growth-sensitive assets.