BofA warns oil volatility may drive inflation amid supply shocks

Investing.com -- Bank of America cautioned that oil price volatility, rather than just price levels, could fuel inflation if certain prices rise with oil but fail to decline when crude prices fall. The bank noted that disruptions in the Strait of Hormuz, combined with renewed Houthi attacks in the Red Sea, have caused oil prices to spike again following a fragile agreement.
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Investing.com -- Bank of America cautioned that oil price volatility, rather than just price levels, could fuel inflation if certain prices rise with oil but fail to decline when crude prices fall. The bank noted that disruptions in the Strait of Hormuz, combined with renewed Houthi attacks in the Red Sea, have caused oil prices to spike again following a fragile agreement. Markets are now repricing central bank rate hikes in response to the developments. Bank of America said the indirect impact of oil price volatility can be inflationary if second-round effects persist.
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- Investing.com -- Bank of America cautioned that oil price volatility, rather than just price levels, could fuel inflation if certain prices rise with oil but fail to decline when crude prices fall. The bank noted that disruptions in the Strait of Hormuz, combined with renewed Houthi attacks in the Red Sea, have caused oil prices to spike again following a fragile agreement.
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BofA warns oil volatility may drive inflation amid supply shocks
Sources1TypeCoverageInvesting.com · Stock Market