JPMorgan: Rising oil prices may curb growth.

At the time of the conflict in the Middle East, the rising oil prices have pushed up inflation expectations. Phoebe White of J.P. Morgan wrote that in the near future, financial markets may reflect more inflation expectations. White wrote, however, that traders should be aware of a risk, that is, rising oil prices may eventually suppress demand and inhibit economic growth, which could lead to a decrease in inflation rather than an increase. White wrote, "We are concerned that any further increase in oil prices, especially if this increase is sustained, may suppress overall demand and interrupt the current recovery in business confidence."