There are two organizations dumb enough to confuse an oil spike with broad inflation: left-wing media and the Federal Reserve.

There are two organizations dumb enough to confuse an oil spike with broad inflation: left-wing media and the Federal Reserve.

The Fed increasing interest rates does not produce more oil supply. That won’t stop the Fed from trying though. https://t.co/eEY43lMeaQ

— Wall Street Mav (@WallStreetMav) June 15, 2026