Wednesday 18/March/2026 – 08:51 PM
explained Jerome Powell, Chairman of the Council Federal Reserve The American newspaper said that the rise in energy prices is expected to push general inflation rates higher, and this comes in light of the sharp increase in oil prices as a result of tensions related to the Iranian war, as Brent crude futures contracts exceeded the level of $109 per barrel earlier today, Wednesday.
Federal Reserve Chairman: High energy prices will lead to an increase in general inflation
He also pointed out during a press conference after the interest rate was fixed, that the producer price index report for February was stronger than expectations, which prompted the futures markets to significantly reduce their expectations regarding reducing interest rates during this year. Fed Funds futures trading currently shows declining prospects for a rate cut in the near future.
