[Bank of America Warns: Rising Oil Prices May Force Fed to Reconsider Interest Rate Policy] According to TheStreet, Bank of America interest rate strategist Ralph Axel warned in a research report on November 5th that continued rises in energy prices could have a significant impact on the Federal Reserve's monetary policy, thereby pushing up household borrowing costs. He pointed out that if oil prices continue to rise over the next 3 to 6 months, interest rates could rise significantly as investors demand higher compensation to cope with inflationary pressures. Data shows that from 2026 to November 4th, the US two-year swap rate rose by a cumulative 196 basis points on days with rising oil prices, while falling by 83 basis points on other days, resulting in a net increase of 113 basis points. Currently, US energy prices have risen by 20.4% year-on-year, further exacerbating inflation. Bank of America points out that rising oil prices not only affect gasoline but also push up transportation, manufacturing, and logistics costs.