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

The Morning Bell: Oil Reality Check Hits Markets as Fed Pivot Looks Permanent

ByON1010 Research Posted onMarch 27, 2026 at 5:59 AM EDT Reading Time: 3 minutes

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The Opening Bell

Oil is holding near $96 this Friday morning — not because traders are panicking, but because they’re finally accepting this is the new normal. After a month of the Strait of Hormuz being closed, energy prices have baked in the reality that cheap oil isn’t coming back anytime soon. The bigger question now: how long before consumers crack under the pressure?

Market Snapshot

Fed Funds Target Range: 3.5%-3.75%

10-Year Treasury: 4.33%

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