Rising Oil Prices Lift Inflation Expectations as Markets Reprice Fed Hike Odds
WTI crude topped $85 a barrel for the first time since 12 June as the Iran conflict escalated, reviving inflation worries that have weighed on risk assets and complicating the Federal Reserve's policy outlook. Bitcoin fell back below $66,000 and equity futures slipped, while gold rose 0.95% to $4,118 and silver gained 1.2%.
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