The Fed's September hike had one primary cause. It wasn't wages, wasn't housing. Here's what's actually driving rates — and what breaks the cycle.

Oil didn't crash, didn't spike — it just sat there near $99 a barrel, quietly rewriting central bank policy from Washington to Sydney.

🛢️ Oil at $99 is now setting your interest rate.

Today on The Open Bell:

Oil is sitting just under $100 a barrel and the reason your petrol bill, your mortgage rate, and your grocery prices are all still climbing at the same time traces back to one thing: the same supply crunch that pushed crude past $113 in April still hasn't let go.

Nigeria's central bank just slashed its benchmark rate by 350 basis points, that's three and a half full percentage points in one move, and the question isn't whether that's bold, it's whether an economy that's been squeezed this hard for this long can actually absorb a jolt that size without something else giving way.

Bitcoin jumped nearly 7% in a single day, not because of any news, but because $648 million worth of traders who'd bet on prices falling were forced to buy back in all at once when prices rose instead, which tells you a lot about who's really driving this market.

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New episodes every weekday morning at theopenbell.co

Not investment advice. For informational purposes only.

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Chapters:
00:00 Introduction
00:14 Oil Holds Near $99/bbl as Iran-Linked Supply Fears Keep Ener
03:03 Nigeria's Central Bank Slashes Rate 350bp to 23% in Surprise
05:46 Bitcoin Surges 6.70% to $86,600 as $648M Short Squeeze Clear
07:52 Closing thoughts

Oil is sitting just under $100 a barrel and the reason your petrol bill, your mortgage rate, and your grocery prices are all still climbing at the same time traces back to one thing: the same supply crunch that pushed crude past $113 in April still hasn't let go.

🛢️ Oil at $99 is now setting your interest rate.

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