The output cut announced by OPEC+ seems to have knocked out the optimism that traders priced in last week, with rising crude adding to fears of higher and stickier inflation.
when oil prices notch their biggest gains, and then listed the names that see the greatest median gains.The Federal Reserve has a new headache: oil prices. The output cut announced by OPEC+ seems to have knocked out the optimism that traders priced in last week, with rising crude adding to fears ofThat means even more complications for the Fed, which already hiked rates to their highest level since 2007 and just faced turmoil in the.
Many of the Fed's global peers have followed suit. Today, the Reserve Bank of Australia meets, and traders have mixed expectations. Some see a pause in rate hikes and potentially a chance to do what the Fed seems to find it increasingly difficult to do: bring in the economy for a soft landing.
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