Oil tumbles to lowest level since December 2021 as banking crisis routs markets
Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.
moreOil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.
moreInflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.
moreThe Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022.
moreThe consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations.
moreMarkets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
more