Bad News For Oil Prices As Economists Predict Aggressive Action From The Fed ...Middle East

Interest rate hikes by the Federal Reserve as it struggles to rein in inflation have spurred expectations of a recession and the related negative implications for oil prices. Now, economists expect the Fed to hike higher than previously thought and fears of a recession are growing. A poll conducted by Reuters suggested that the Fed could raise interest rates to a higher terminal point than was forecast just two weeks ago after the U.S. central bank hiked the benchmark rate by 75 basis points for the third time in a row. After this move, the majority…

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