24th October 2022
- Fed Lines Up Another Big Hike While Mulling Eventual Downshift
Another 75 basis-point rate rise is fully priced for November
Shifting to smaller moves in December could give flexibility
https://blinks.bloomberg.com/news/stories/RK2IV0T0AFB4
- Fed Officials Expect Debate on Rate Peak and When to Slow Hikes
Bullard sees minor moves once rates reach appropriate level
Daly sees Fed shifting to smaller increases as peak rates near
https://blinks.bloomberg.com/news/stories/RK46U2T0AFBM
- Oil Falls as Souring Chinese Sentiment Filters Through Markets
Biden’s top energy adviser says OPEC+ curbs largely political
WTI futures slipped toward $84 as investors digest China data
https://blinks.bloomberg.com/news/stories/RK8UNODWX2PT
- Biden Adviser Says OPEC+ Output Cut Was Mainly Political Move
Nobody can argue it had valid economic reason, Hochstein says
US administration derided Saudis’ market-based explanation
https://blinks.bloomberg.com/news/stories/RK7QHLDWLU6G
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