24th November 2021
- Traders Dial Back Inflation Fears as Bets Mount on Hawkish Fed
Bond traders boost expectations for tighter Fed policy in 2022
Upcoming jobs and inflation data may help determine Fed path
- Oil Steadies as Global Release of Strategic Reserves Underwhelms
U.S. announced 50 million barrels of stockpiles to be utilized
WTI futures trade above $78 after climbing 2.3% on Tuesday
- Biden Sees Supply Logjams Easing, Oil Release Damping Prices
Stores are ‘well stocked with turkey,’ president promises
Biden touts oil reserves release despite gain in prices
- Supply Shortages Are Easing in U.S. and Getting Worse in Europe
Bloomberg Economics gauge shows modest improvement in U.S.
But in euro area and U.K., conditions are still getting worse
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