SPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/MSPX7,580.06+0.22%DJIA51,032+0.72%COMP26,973+0.20%RUT2,919.34-0.59%CL$87.76-1.28%GC$4,569.90+1.57%DX98.94-0.08%VIX15.32-2.67%Fed Funds4.50%HOLD10Y4.287%-0.031CPI Y/Y2.8%-0.1%Core PCE2.7%-0.1%Unemp4.2%0.0NFP+150kMayGDP Q/Q+2.6%Q1Retail+0.4%M/M

Energy Shock Reality Hits Home as Markets Brace for Fed Response

ByON1010 Research Posted onMarch 26, 2026 at 5:59 AM EDT Reading Time: 3 minutes

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THE OPENING BELL

The energy crisis that started a month ago is forcing its way into every corner of the economic conversation. With oil holding near $94 and the Strait of Hormuz still closed, yesterday’s import price surge confirms what traders have been pricing in for weeks: this isn’t a temporary spike that fades quietly. Bond markets are getting restless, the yield curve is steepening, and the Fed’s dovish pivot just got a lot more complicated.

MARKET SNAPSHOT

Fed Funds Target Range: 3.5%-3.75%

10-Year Treasury: 4.39%

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