The SPDR S&P 500 ETF (SPY) is down 7% year-to-date through March 30, 2026, while the VIX rose to 30.61 as energy shocks driven by WTI crude oil above $100 a barrel threaten to reverse inflation. Core PCE inflation reached 128.394 in January 2026, its highest figure in 12 months, while the yield of the … Read more
The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more
In recent years, there have been many warnings about the fragility of New Zealand’s largely imported oil supply. Now, drivers are seeing the cost of that accident at the pump. Nationwide, gasoline is over $3.30 a liter on average. On Auckland’s Waiheke Island, residents protested after prices at the local station exceeded $4 a litre. … Read more