Government intervenes as Middle East conflict threatens supply lines.
Tag: Reserve
Federal Reserve Leaves Rates Unchanged at 3.50-3.75% in Hawkish Signal to Markets
US central bank’s dot plot shows nine of 18 members expect rate hikes this year as inflation remains above target.
US Strategic Petroleum Reserve at Lowest Level Since 1983 After Iran War
The US Department of Energy reported that Iran war-related draws have pushed strategic oil reserves to a four-decade low.
Federal Reserve’s Preferred Inflation Gauge to Be Key Test of Cheaper Oil Impact
Markets are watching the PCE inflation report due this week as falling oil prices may finally be translating into broader price relief in the US.