Focus on U.S. interest rate hikes and energy trade
Inflation concerns take center stage in the global economic scene, with calls within the U.S. Federal Reserve to raise interest rates quickly. These pressures are intensified by stresses on energy markets and supply chains due to the Iranian war and trade tensions between Washington and Beijing. The President of the Federal Reserve Bank of St. Louis emphasized the need to raise interest rates to restore credibility in the fight against inflation, with expectations that diesel prices will continue to rise due to supply shortages and energy tensions. Additionally, major American companies such as ExxonMobil and Chevron have faced disruptions in energy supplies, deepening the surge in prices. Meanwhile, oil prices have temporarily declined but are still on track for a strong monthly gain of around 20%.
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