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Central banks live in fear of their last mistake: waiting too long to raise rates in the postpandemic boom. But there's a difference between that boom and this oil shock.

By WSJ April 05, 2026 Bearish
Central banks live in fear of their last mistake: waiting too long to raise rates in the postpandemic boom. But there's a difference between that boom and this oil shock.
Investors mistakenly think the oil shock will push central banks to tighten policy.
Investors mistakenly think the oil shock will push central banks to tighten policy.