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

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Bad News For Oil Prices As Economists Predict Aggressive Action From The Fed
source : OILPRICE ( Middle East ) () 22
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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