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Crude rises to $100, inflation data runs hot, Chris Martenson notes

Crude rises to $100, inflation data runs hot, Chris Martenson notes
Crude jumps as inflation data rises

Chris Martenson reports that Dave Fairtex’s weekly Market Update highlights a surge in both the Consumer Price Index (CPI) and Producer Price Index (PPI), indicating rising inflationary pressures. Crude oil prices reached $100, the 5-year yield jumped 25 basis points, and gold, silver, and mining stocks weakened. According to FedWatch, there is an 87% probability of an interest rate hike by the Federal Reserve next Wednesday.

Martenson has previously highlighted risks from Dubai oil prices approaching $100, warning of possible short-term market freezes and fiscal strains in the U.S. He has also reported that insurance premiums may rise as firms absorb losses from troubled private credit investments. Both updates reflect continued attention on pressures facing financial markets.

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