Wellington Altus Chief Market Strategist James Thorne warns that if the Federal Reserve raises interest rates when oil prices approach $100, it may repeat policy mistakes made before the 2008 financial crisis. James Thorne stated that rising energy prices will weaken residents' purchasing power and drag down economic growth, and if the Federal Reserve tightens financial conditions, it will exacerbate the risk of economic downturn. Recently, WTI crude oil has risen by over 20% within a month, while Brent crude oil has risen by over 18%. According to a survey by the New York Federal Reserve, the probability of American consumers expecting an increase in unemployment rate in the next year has risen to 44.4%. (Source: Federal Reserve)
