Wall Street: Oil, Inflation and the Fed Set Stocks and Bonds on Fire

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Brent's surge above $101 weighed on indices and the bond market as investors brace for the latest critical inflation data before the Fed's meeting next week.

Le Singulier

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The three major American indices closed down on Wednesday, under pressure from a barrel of Brent that surpassed the 100 dollars. On the eve of the... The article Wall Street in the red, the oil at 100 dollars beat the cards appeared first on Le Singulier.

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The US Federal Reserve (FED) is likely to keep the benchmark interest rate at the current level at its meeting on the 15th and 16th.

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Bonds and oil (which exceeded $100 a barrel) sealed the negative 3x3 on the New York Stock Exchange.

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US stock market indices fell, with investors watching with concern as oil prices exceeded $100 a barrel.