Oil Prices Reach Four Year Highs Amid Fed Rate Caution

Brent Crude Oil rose to $126 per barrel as the United States considered military action to break a deadlock in Iran. Prices hit four-year highs, overshadowing a $700 billion spending surge in the global technology sector. Rising energy costs fuel hawkish central bank shifts, erasing market expectations for interest rate cuts this year.

### Central Banks Brace for Energy Inflation The Federal Reserve held rates steady on Wednesday afternoon, but three regional presidents voted to remove references to an easing bias. Outgoing Chair Jerome Powell confirmed he will remain on the board until early 2028, preventing an immediate vacancy for the next administration.