WTI declines towards $75.50 as hopes of recovery fade amid hawkish Fed bets – by Sagar_Dua24 Oil WTI Fed Recession DollarIndex
Oil price is declining towards $75.50 as the expectations for more rate hikes by the Fed are escalating.
The release of the upbeat preliminary S&P US PMI data was loud and clear that economic activities are routing to the expansionary road led by solid consumer spending. A sheer recovery in retail demand could renew the fears of a rebound in inflationary pressures. Also, Fed chairhas already cleared that inflation is persistent and the consideration of a pause in policy tightening would be premature.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTI Crude Oil Forecast: Crude Oil Trading in the Same BoxThe West Texas Intermediate Crude Oil market fell during the trading session on Friday, as we continue to trade in the same rectangle.
Read more »
WTI Crude Oil Forecast: Choppy Behavior in Thin VolumeDuring Monday\u0027s trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume
Read more »
WTI erases its Monday’s gains, back below $77.00Western Texas Intermediate (WTI), the US crude oil benchmark, is erasing Monday’s gains which fell shy of reaching the 20-day Exponential Moving Avera
Read more »
Microsoft Signs ‘Call of Duty’ Pacts With Nintendo and Nvidia as Activision Deal Faces ScrutinyThe agreements come as regulators in the U.S. and abroad have said they are concerned the proposed $75 billion acquisition of Activision Blizzard could harm competition in the videogame industry.
Read more »
USD/JPY prints mild gains above 134.00 as sour sentiment, Fed concerns joins firmer yieldsUSD/JPY prints mild gains above 134.00 as sour sentiment, Fed concerns joins firmer yields – by anilpanchal7 USDJPY BOJ Fed YieldCurve RiskAppetite
Read more »
US Dollar Index grinds near 104.00 amid US holiday, Fed Minutes, US GDP eyedUS Dollar Index (DXY) picks up bids to regain 104.00, after the previous day’s reversal from 1.5-month high, as market players struggle for clear dire
Read more »