Rates Spark: Oil Losing Control

Global interest rates are resisting downward pressure from oil prices due to persistent US inflation and robust growth. Markets appear hawkishly repriced, with a potential shift in sentiment contingent on future economic growth concerns.

Key Takeaways

• 1.Hot US inflation readings and resilient economic growth are sustaining upward pressure on global interest rates.
• 2.The market is exhibiting a 'numbness' to oil price volatility, with rates becoming stickier at elevated levels.

Table of Contents

• Rates Spark: Oil losing control
• Hot US inflation and still robust growth are adding upward pressure to global rates
• Wednesday’s events and market views
• Author
• Disclaimer

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