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Fed: Oil Shock, Geopolitical Risks Top Financial Concerns
The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to a semiannual Federal Reserve report released on Friday. The U.S. central bank's Financial Stability Report found geopolitical risks and the oil shock were the top worries of survey respondents, while artificial intelligence and private credit have risen to also become prominent concerns. Three-quarters of respondents cited geopolitical risks as a top concern, making it the most cited worry, with the oil shock stemming from the war cited by 70%. AI and private credit ... (full story)