New commodities boom complicates central bankers' anti-inflation efforts due to rising oil and commodity prices.
A new commodities boom is complicating central bankers' anti-inflation efforts, as rising oil and commodity prices put pressure on interest rate cuts. The Bloomberg Commodity Spot Index has reached an almost seven-month high, with crude oil, copper, coffee, and cocoa prices surging. Central banks may be forced to delay interest rate cuts due to these inflationary pressures, potentially affecting markets and economies.
April 15, 2024
8 Articles