Oil drilling
Oil prices are nearing $100 a barrel.
  • Oil prices have been on the rise in recent months and are heading towards $100 a barrel.
  • That could push inflation back up, creating problems for the Federal Reserve.
  • It's expected to hold interest rates steady Wednesday, but stress that the war on inflation isn't over.

Oil prices are closing in on $100 a barrel – and that's bad news for the Federal Reserve as it tries to kill off inflation for good.