With Saudi Arabia and Russia’s oil production cuts, there’s a danger that the previous months of low inflation might be an outlier.
it was "a hell of a good week of data" on the inflation front, which allows the Fed to "sit there, wait for the data, see if things continue" — suggesting the Fed might indeed keep rates unchanged at its upcoming September meeting.Goldman Sachs has cut its odds of the U.S. slumping into a recession from 20% to 15%, citing encouraging signs from recently released economic data.
With Saudi Arabia and Russia's oil production cuts, there's a danger that the previous months of low inflation might be an outlier. After the news broke, October contracts for WTI rose to $86.75 per barrel and November contracts for Brent hit $90.05 a barrel, the highest levels for both in 10 months.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
CNBC Daily Open: Why did the unemployment rate and jobs rise in tandem?The U.S. economy added more jobs in July, but the overall unemployment rate rose. This may sound counterintuitive, but there’s a simple explanation.
Leer más »
CNBC Daily Open: Investors still aren’t convinced by bitcoinBitcoin is up around 55% this year, but is still roughly 62% down from its all-time high.
Leer más »
CNBC Daily Open: Bitcoin's still struggling to gain acceptanceBitcoin is up around 55% this year, but is still roughly 62% down from its all-time high.
Leer más »
Jim Cramer laments rising interest rates, says market won't advance if they keep climbingCNBC’s Jim Cramer on Tuesday bemoaned rising bond yields and interest rates.
Leer más »
Two roofs at the US Open were partially shut because of rising heat and humidityThe roofs on the two main U.S. Open stadiums have been partially shut because of rising heat and humidity. The U.S.
Leer más »