Oil Surges, Bonds Sell Off, and the Fed’s No-Win Dilemma

The Financial Exchange Show · Mar 20, 2026 · 38m · transcript

Markets are under pressure as oil climbs toward $100, bond yields spike globally, and gas prices near $4 a gallon. Chuck Zodda and Mike Armstrong break down why this isn’t a “Sell America” trade—but a worldwide bond selloff—and what it means for stocks, mortgages, and the broader economy.

The guys debate the Fed’s toughest question: what happens if unemployment rises while inflation stays elevated? With central banks unable to “print oil,” policymakers may be forced to choose between fighting inflation and protecting the job market.

Plus: mortgage rates jump into the spring housing season, a…