Latest / MPC Markets Morning Call
Stocks Drift as Oil Approached $100 Again
Stocks Drift as Oil Approached $100… Again
A short one with US markets closed for Labor Day. Brent crude is pushing toward $100/bbl and diesel has hit another record — 90% above pre-war levels, feeding directly into inflation across logistics, transport and food. WTI jumped 10% last week. Copper hit an all-time high. Fed hike odds are at 60% for September 16, the ECB hikes Thursday, and the BOJ is a 75% chance two days later. CPI this week is the big one. Caution warranted.
The skinny
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