ShreeMetalPrices: U.S. announces additional crude oil reserve release that lead oil prices to drop.
After the U.S. government announced it will release additional crude oil out of its Strategic Petroleum Reserve, oil prices dropped on Tuesday. Traders are now keeping an eye on U.S. inflation statistics in expectation of further declines. By 1005 GMT, Brent crude futures had down by 80 cents, with 0.9%, at $85.81 per barrel. Whereas […]
ShreeMetalPrices: Federal Reserve in 2023: When Can We Expect Another Rate Hike
The Fed is expected to shed light about why it is anxious that high inflation will stay as the United States economy enters the new year.Policymakers published forecasts at the completion of the Federal Reserve Open Market Committee meeting on December 13–14. That indicated they forecast inflation to end 2023 stronger than they had previously […]
ShreeMetalPrices: US midterm elections 2022: Why do they matter so much?
The results of the US election on November 8 could significantly affect the course of the country as well as the future of the individual as well as the party in control of the White House. The midterm elections determine who controls Congress in addition to state legislatures and governorships; Joe Biden isn’t on the […]
Shree Metal Prices:Fed Anticipated to Continue Significant Rate Hikes Following New Inflation Surprise.
Another scorching inflation report dashed hopes for a downturn before year’s end, and the Federal Reserve now appears on course to continue its aggressive interest-rate hikes even longer than anticipated. Fed may approach the 5% mark if core inflation is higher than expected. Investors increased their wagers that the Fed will raise rates by 75 […]
ShreeMetalPrices: Fed Officials Say that Rising Inflation Justifies Further Rate Hikes.
The Federal Reserve should raise and then maintain rate of interest at levels that will hamper economic growth. Because rising inflation is proving to be more enduring than expected, a central bank official said on Thursday. Fed governor Lisa Cook said in remarks at the Peterson Institute for International Economics. Where she gave her first […]