Oil spike jolts markets: Stocks slide as Fed rate fears return
📡 Bloomberg Markets · 1 min read ·
Part of composite article Oil Crisis Explodes: Brent Crude Tops $105 as Iran Threatens Wider War and France Sends Troops to Saudi Oil Sites View full article →
A fresh wave of bond volatility is making traders cautious. Stocks fell on Wednesday as rising oil prices sparked fears of higher inflation.
Investors worry the Federal Reserve may be forced to raise interest rates to control inflation. Higher rates typically hurt stocks.
The oil rally has renewed uncertainty across global markets. Traders are now reluctant to take on risk.