US diesel crisis about to become Asia’s interest rate problem

Diesel in the US has climbed to more than US$6. 50 a gallon, up about 75% from a year ago, and Asia is likely to pay for it in the form of higher interest rates. Expensive diesel keeps American inflation elevated, which gives the Federal Reserve reason to keep raising interest rates. Higher US rates lift The post US diesel crisis about to become Asia’s interest rate problem appeared first on Asia Times.

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