Global Markets
US-Iran War and Fed Rates: What to Expect for Markets?
724FinanceDefne Aydın

The US-Iran conflict has escalated again, with the US attacking Iranian infrastructure and Iran firing on commercial ships in the Strait of Hormuz. This has led to a surge in oil prices, with Brent crude reaching $80 a barrel. The question on everyone's mind is whether this will push inflation up and force the new Federal Reserve Chair, Kevin Warsh, to raise interest rates.