On one hand, conflict is driving up oil prices; on the other, credit cracks are widening. These two issues are about to converge at the Federal Reserve meeting. Choosing either side seems like a mistake. How will the Fed play this hand?

2026-03-18

On one hand, conflict is driving up oil prices; on the other, credit cracks are widening. These two issues are about to converge at the Federal Reserve meeting. Choosing either side seems like a mistake. How will the Fed play this hand?