Anticipation of Rate Cuts Could Lead Oil Prices Higher
July 20, 2023 at 10:41 AM EDT
While the capital markets are expecting the U.S. Federal Reserve to maintain its hawkishness, they don’t think it will be for long. The anticipation of rate cuts should prop up prices for oil as demand increases. Furthermore, economic data is supporting the notion that rate cuts could be on the way. The Fed could see [...] The post Anticipation of Rate Cuts Could Lead Oil Prices Higher appeared first on ETF Trends .