Food prices along with energy must come down further for economies to survive. Ever wondered what would happen if China stop propping up its economy? It sure as hell would not be pretty, and as it stands as of now, China is in deep trouble including Brazil. Janet Yellin knows that if she raises rates the US would slow down pushing it into Recessions again and it would devastate China, Europe, Asia, Canada, Australia, US and even India's economies. Oil prices cannot preceed economic growth and if it does, it will wreck the entire global economies again. It is why oil prices cannot keep going up and deflation must take its course. Without food , materials and energy coming down further, economies cannot survive.
Why? The entire global economies are in ruins, you name it , Recessions, Depressions and Deflation must run its course. No one can prop up oil prices because nations economies are facing tremendous and it is why Janet Yellin cannot do a thing about interest rates until major nations like Australia, Brazil, Canada, China, Europe, Russia economies starts recovery. As it stand right now, we are poised for a severe downturn and nothing can stop it. Oil Speculators, Oil Companies and OPEC are doing everything to prop up oil prices by cutting production and not letting nations recover .