From Reuters Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts. Traders are awaiting a speech from Federal Reserve Chair Jerome Powell on Friday in Jackson Hole, Wyoming, that could indicate whether the U.S. central bank will continue to cut interest rates.
From Bloomberg Median could shift to two increases from three in 2019 Fed chief says rates ‘just below’ range of neutral estimates Federal Reserve Chairman Jerome Powell opened the door for a potential pullback in projected interest-rate hikes for 2019 following a widely expected increase in December. In what was seen as a shift in tone from remarks
June Hike Likely – What is the Effect on Oil? On Wednesday May 18, 2016, the Federal Reserve released the minutes from its April meeting, sending vibrations throughout the markets. The message from the Fed to the market was simple: stay on your toes because the Fed is seriously considering raising interest rates in June. There has been speculation as
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