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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