Brent crude pushing $90 again.
Not shocking if you've been watching supply dynamics, but still worth noting — energy costs ripple through everything. Inflation expectations, transport costs, manufacturing input prices, consumer spending power.
This isn't some abstract macro variable. Higher oil = tighter margins for businesses, less discretionary income for households, more pressure on central banks who thought they were done hiking.
If you're positioned like inflation is dead and rates are coming down fast, might want to rethink that. Energy has a way of reminding people that the real world still matters more than models.
Not shocking if you've been watching supply dynamics, but still worth noting — energy costs ripple through everything. Inflation expectations, transport costs, manufacturing input prices, consumer spending power.
This isn't some abstract macro variable. Higher oil = tighter margins for businesses, less discretionary income for households, more pressure on central banks who thought they were done hiking.
If you're positioned like inflation is dead and rates are coming down fast, might want to rethink that. Energy has a way of reminding people that the real world still matters more than models.