Report|4 May 2026

Macro Pulse U.S.: Oil’s Economic Pain Threshold Has Moved Higher

Adjusting for today’s inflation and improved U.S. energy efficiency, the often referenced oil-price pain point of $100 per barrel is closer to $191 today, helping explain why risk assets have looked through the latest oil move.

In the latest 3 Things in Credit, KBRA’s Chief Markets Strategist Van Hesser discusses why oil-price headlines need economic context and what that means for inflation, growth, and credit markets. Listen to Van Hesser’s insights on: Apple Podcasts | YouTube Music | Spotify or visit kbra.com/macrocredit

One of the market’s most…

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