Oil Drop Fails to Ease Inflation Concerns A decline in oil prices did little to ease Wall Street’s concerns that still-elevated energy costs could fuel inflation and prompt further Federal Reserve interest-rate hikes. [14:00 ET] Fed's Williams: If the economy meets expectations, one further hike is likely this year. [US Dollar & US 10Y Bond Yields Weakened, US Stock Indexes Strengthened]
Oil Drop Fails to Ease Inflation Concerns A decline in oil prices did little to ease Wall Street’s concerns that still-elevated energy costs could fuel inflation and prompt further Federal Reserve interest-rate hikes. [14:00 ET] Fed's Williams: If the economy meets expectations, one further hike is likely this year. [U