Macro· ★★★· bearish·

Fed on the edge: Oil price rise adds to inflation risks before meeting

  • Oil rose on fears that energy costs will fuel inflation
  • Some sources call the Fed's stance uncertain, others expect a rate hike
  • Higher oil feeds through to transport, manufacturing and consumer prices
  • The Fed says its decisions depend on the totality of economic data
Why it matters: A rate hike or continued uncertainty reduces appetite for risk assets, including bitcoin and altcoins.
Source: Bitcoin Insider