International oil prices saw a slight increase on the 21st. By the close of trading, the price of light crude oil futures for October delivery on the New York Mercantile Exchange rose by 23 cents to settle at $87.06 per barrel, an increase of 0.26%. Meanwhile, Brent crude oil futures for October delivery in London climbed by 61 cents to close at $94.39 per barrel, up 0.65%. Currently, fluctuations in international crude oil prices are closely linked to multiple factors, including global supply
智通财经2026/08/21 20:01Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.