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 […]
Results, news, poll predictions, current information, and exit polls for the US midterm elections in 2022: With one more full day of campaigning, leaders of both parties will make desperate appeals to their followers as an election year marked by economic unrest. The repeal of federal abortion rights, and pervasive concern about the future of […]
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 […]