Stocks sway lower and crude oil slides closer to $100 a barrel

Markets have careened in recent weeks amid uncertainty about whether the economy may be heading for a toxic combination of stagnating growth and persistently high inflation. Russia’s invasion of Ukraine has caused prices to surge for oil, wheat and other commodities produced in the region. That in turn has led to sharp day-to-day and hour-to-hour reversals across markets, as expectations for worsening inflation rise and fall.

The wide expectation is that the Fed will raise its key short-term interest rate by a quarter of a percentage point Wednesday. It would be the first increase since 2018, and it would pull the federal funds rate off its record low near zero.Besides raising short-term rates, the Fed may also give more details about how it will put into reverse the massive bond-buying program it ran during the pandemic to keep long-term rates low, the economists wrote.

The yield on the 10-year Treasury jumped to 2.14% from 2.00% late Friday after earlier touching its highest level since July 2019. The two-year yield, which moves more on expectations for Fed policy changes, rose to 1.86% from 1.75%.

So gas prices will return to pre-war levels, right?

yet gas prices don’t go down…

here are my naked photos

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