Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Truflation CEO Stefan Rust told Benzinga on Monday that Federal Reserve Chair Kevin Warsh's hawkishness is a "distraction from his dovishness," predicting no rate hike at next week's meeting. Asked what could force Warsh to raise rates, Rust pointed to oil, which was trading around $97. "Oil prices are definitely going to drive the decision," Rust said. "If it goes above 110 or something like that, it's very likely we'll see an interest rate hike." Since Monday, hostilities in the Middle East have escalated and Brent has surged above $104. Thursday's producer-price report showed annual producer-price inflation accelerating from 4.8% to 5.
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