Oil Shock May Influence Federal Reserve's April Meeting Amid Inflation Concerns

A potential oil shock driven by geopolitical tensions could complicate the Federal Reserve's meeting scheduled for April 28–29. According to NS3.AI, this development may revive inflation concerns just before the release of first-quarter GDP and March PCE data on April 30. The situation could exert pressure on Bitcoin if oil-induced price pressures lead the Fed to maintain a cautious stance, reinforcing expectations for prolonged higher interest rates.