Following similar talking points as the White House, Bhattarai emphasized gas coming down from a record high of $5, saying the "25 percent drop in costs has been substantial Forex for many Americans." A Washington Post story by economy reporter Abha Bhattarai said Americans are getting used to inflation and "learning to deal with" it.
Experts told Insider what to watch and what could come next for stocks. Asian share markets made cautious gains on Monday on hopes a key reading on US inflation will show some cooling, while the US dollar was restrained by the risk of higher European interest rates and Japanese intervention. US stocks rallied on Friday, with the major indices recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook. The gains followed a sharp sell-off that began in mid-August, triggered by concerns about the impact of tighter monetary policies and signs of an economic slowdown in Europe and China. Oil prices fell on Mondaywith the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. All 11 industry sectors in the benchmark S&P 500 rose, though makers of household goods and utilities, which are typically considered less risky investments, lagged the market. U.S. crude oil prices rose 3.9%, helping push up energy sector stocks.
The Federal Reserve will deliver another 75-basis-point interest rate hike next week and likely hold its policy rate steady for an extended period once it eventually peaks, according to a Reuters poll o... Crude oil refining capacity has shrunk by a record 3.8 million barrels per day from March 2020 to mid-2022 as demand expanded, setting the stage for fuel markets to remain very tight until at least mid-...
The data will be scrutinized for any clues regarding the length and severity of the Federal Reserve's policy tightening phase. Nymex Crude https://iyinet.com/kullanici/baasaog.85749/#about for October delivery gained 99 cents per barrel, or 1.14% to $87.78 today. The 10 Year yield rose 0.040 percentage point to 3.361% today.
The G7 will implement a price cap on Russian oil to limit Russia's lucrative oil export revenue following its invasion of Ukraine in February and plans to take measures to ensure that the oil could still flow to emerging nations. Moscow calls its actions in Ukraine "a special operation." Brent crude futures dropped $1.01, or 1.1%, to $91.83 a barrel by 0630 GMT, after settling 4.1% higher on Friday. Many regional markets https://forum.gamer.com.tr/uye/dazasaif.10565071/#about were closed for holidays, while Tokyo and Sydney advanced. This is not the first mainstream media article geared at lowering the American public's expectations regarding their standard of living due to inflation. The article detailed the account of Nils Haaland, a man in Omaha who said "soaring prices for fuel and food this summer forced him and his wife to stop dining out, postpone summer travel and buy less meat."