Oil prices settle down 1%; strong US data boosts dollar
19 May, 2023 | 3 minute read
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers.
From remarks from Dallas Federal Reserve Bank President Lorie Logan and St. Louis Fed President James Bullard, it appeared that a minority hawkish view has gained ground at the Fed in the runup to the next policy meeting on June 13-14.
High interest rates boost borrowing costs, which can slow the economy and reduce oil demand.
Read More - ABC News
Oil prices settle down 1%; strong US data boosts dollar
19 May, 2023 | 3 minute read
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers.
From remarks from Dallas Federal Reserve Bank President Lorie Logan and St. Louis Fed President James Bullard, it appeared that a minority hawkish view has gained ground at the Fed in the runup to the next policy meeting on June 13-14.
High interest rates boost borrowing costs, which can slow the economy and reduce oil demand.
Read More - ABC News
Oil prices settle down 1%; strong US data boosts dollar
19 May, 2023 | 3 minute read
U.S. inflation does not seem to be cooling fast enough to allow the Federal Reserve to pause its interest-rate hike campaign, according to two Fed policymakers.
From remarks from Dallas Federal Reserve Bank President Lorie Logan and St. Louis Fed President James Bullard, it appeared that a minority hawkish view has gained ground at the Fed in the runup to the next policy meeting on June 13-14.
High interest rates boost borrowing costs, which can slow the economy and reduce oil demand.