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Commodities

US Stocks Falter Amid Rising Oil Prices and Inflation Fears

Guavy AI Editorial Team
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Oil
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The US stock market has seen mixed results in early trading after a three-day weekend following the latest conflict in Iran.

Oil prices continue to rise, with Brent crude reaching $97.95 per barrel, a 1% increase from Monday's close.

The higher oil prices have exacerbated concerns about inflation, which is expected to accelerate to 5.4% in August, according to economists' predictions.

The Federal Reserve will meet next week to decide on interest rates, and traders are betting on a 58% probability of a rate hike.

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