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Oil hits $100 as markets face inflation worries; Fed signals no rate hike despite rising energy costs.

Market News
31 Mar 2026
CNBC
View Source
Bearish
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U.S. gas prices reached $4 per gallon amid a surge in crude oil prices driven by the U.S.-Iran conflict, pushing major stock indexes toward their worst monthly and quarterly losses since 2022. Despite the spike in oil prices, Federal Reserve Chair Jerome Powell reassured investors that inflation remains stable and no immediate interest rate hikes are expected. Meanwhile, companies like Opendoor and Novo Nordisk are adapting to market changes with strategic moves in real estate tech and pharmaceutical subscriptions. JetBlue and other businesses are passing higher fuel costs to consumers, signaling broader economic impacts if geopolitical tensions persist.

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