Oil Prices Rise Despite Expectations Of Another Interest Rate Hike

21 Sep 2022
Source: Oilprice.com
Date: 21st September 2022

Oil prices climbed early on Monday morning ahead of the Fed's much-anticipated interest rate decision, rebounding from Tuesday's dip. There is expectations that the USD Fed will announce a 75 basis point hike have been weighing on oil markets all week, with fears that a resultant economic slowdown could weaken demand. While the hike itself is important, most analysts will be watching for what the Fed says about its future strategy for dealing with inflation.

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