The Morning Bell — May 25, 2026
The Fed’s steady hand this week masks a deeper shift happening beneath the surface. Oil’s grip on inflation is proving stickier than anyone expected, and with producer prices jumping 1.4%, the cost pressures that were supposed to fade are instead embedding themselves into the economic foundation like concrete setting in the sun.
Today’s Briefing
The oil shock is finally breaking the inflation consensus
The oil shock is finally breaking the inflation consensus. After months of traders assuming energy prices would fade from headlines, this week’s data showed the crisis is now baked into the economy’s foundation — producer prices surged 1.4%, gas hit
What to Watch Tomorrow
Keep your eyes on any energy-related economic data and how markets react to further oil price movements. The Fed may be holding rates steady for now, but if energy costs continue driving producer prices higher, that patience could be tested sooner than expected.
ON1010 provides economic education for investors. Nothing in this email constitutes investment advice. Always consult a qualified financial advisor before making investment decisions.
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