Oil Surges 8.5% to $104: How It Hits Your Wallet
WTI rose 8.54% to $104.82 and Brent 7.27% to $102.51 after Iran talks broke down. Direct hit to gas and inflation.
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WTI rose 8.54% to $104.82 and Brent 7.27% to $102.51 after Iran talks broke down. Direct hit to gas and inflation.
Bitcoin jumped to $73,000 after US inflation fell to 3.3%. We break down if it is time to enter or wait for a dip.
The Federal Reserve's FOMC meets March 17-18, 2026. With persistent inflation and oil near $96/barrel due to the Iran conflict, the Fed is widely expected to hold rates at 3.50%-3.75%. The updated dot plot on Wednesday the 18th will be the real market mover — here is what it means for your money.
WTI crude hit $107/barrel with a 50% monthly gain due to the Iran conflict. Gas prices jumped 47 cents in one week and could hit $4 per gallon within a month.
Several Federal Reserve governors expressed caution over oil-driven inflation. Markets now price in just 1 rate cut in 2026 vs. 3 expected a month ago. Stagflation fears mount with productivity and unit labor costs both at +2.8%.
Brent crude surges 28% in one week to $92.93 on the US-Iran conflict and Strait of Hormuz closure. Gas up 27 cents. Could reach $150. What to do with your money.
Brent crude is up 36% in 2026, topping $83/barrel as the Strait of Hormuz crisis escalates. Goldman Sachs warns it could hit $100. Here's how it impacts gas prices, food, and inflation.
Brent crude surged 9% to $78.70/barrel after US-Israel strikes on Iran. The Strait of Hormuz is effectively closed. US gas prices expected to rise 10-30 cents within days.
The producer price index (PPI) came in hotter than expected, complicating the Fed rate cut timeline. With rates at 3.50-3.75%, mortgages, credit cards, and loans remain expensive.
Trump's 15% global tariffs took effect February 24, impacting $1.2 trillion in imports and costing an estimated $1,500 extra per household in 2026.
The US economy grew just 1.4% in Q4 2025, well below the 2.9% expected. Combined with 2.9% inflation, the stagflation specter looms large.
Trump announces 15% global tariffs effective tomorrow February 24. Imported product prices will rise. Here is how to protect your wallet.