Rising Oil Prices Could Threaten Fed’s Soft Landing

Higher oil prices could trigger inflation fears again, undoing part of the central banks’ efforts of the past year to tame soaring consumer prices. The fundamentals picture of the oil market looks much more bullish than just a month ago, as demand remains resilient despite concerns of slowing economies, while supply is shrinking thanks to the cuts from OPEC+ and Saudi Arabia.   But higher oil prices, which lead to higher gasoline and overall energy prices, could start seeping into core inflation again, even if the headline index…