Analysts warn of looming market correction as oil tops $100
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Analysts warn that rising oil prices, now above $100 due to Iran's closure of the Strait of Hormuz, are fueling inflation and squeezing corporate profits. This situation creates a disconnect with record-high equities and increasing borrowing costs, raising the risk of a market correction. The Fed may consider rate hikes to stabilize markets as inflation expectations rise.
Source: MSN The copyright of this article belongs to the original author/organization.
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