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Wall Street Journal: The Fed’s Next Challenge: $100 Oil

Wall Street Journal: The Fed’s Next Challenge: $100 Oil
An article in the Journal (gated) ahead of Wednesday's FOMC. Not flagging a Fed Funds rate hike this time around, but further head?traders and petroleum refiners are draining oil stockpiles at a rapid clipMany analysts expect crude prices to keep rising, which would feed into higher fuel bills, quicker inflation—and, potentially, higher interest rates. The Federal Reserve is expected to hold rates steady on Wednesday while leaving the door open to further increases. The central bank excludes vo... Read More
Posted: Sep 19 2023, 20:52
Author Name: forexlive
Views: 092140

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