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Oil rose for a second straight day while Asian stocks weakened as tensions between the US and Iran escalated, reviving inflation concerns and increasing expectations of a Federal Reserve interest-rate hike. [12:29 ET] Fed's Waller: worried about equally likely scenario that stricter policy will be required. May need hi
A standoff between the US and Iran lifted oil prices, dragging down stocks and bonds after clashes around the Strait of Hormuz raised concerns about potential disruptions to energy supplies that could fuel inflation. [12:29 ET] Fed's Waller: worried about equally likely scenario that stricter policy will be required. M
Fed's Waller: worried about equally likely scenario that stricter policy will be required. May need hikes if core inflation reading this week is hot.
Fed's Waller: worried about equally likely scenario that stricter policy will be required