Surging Oil Prices Likely To Push US Interest Rates Higher – Expert
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Oil Prices Skyrocket - Fed Interest Rates Predicted to Rise, Which Sectors Are Still Profitable?
Surging Oil Prices Likely To Push US Interest Rates Higher – Expert
MOSCOW, Sept 13 (Bernama-Sputnik/RIA Novosti) — High oil prices are likely to push the US Federal Reserve to raise interest rates, Richard Bensel, Professor of Government at Cornell University, told RIA Novosti. “With oil prices at or above US$100 a barrel and likely to remain high even if they retreat a bit, the Federal Reserve will probably raise interest rates. Recent increases by the European Union and Japan make an increase by the Federal R…
The Bank of Japan is considering raising its policy interest rate to around 1.25% at its policy meeting on September 17-18, which, if implemented, would be the first rate hike in three months. Gold markets are under pressure as the likelihood of a Fed rate hike increases. Asian stocks show mixed performance amid concerns about a Fed rate hike. Japan keeps its benchmark interest rate unchanged and slightly raises its growth forecast.
This week is "Central Bank Week," when the central banks of Japan and the United States hold meetings to decide on their monetary policies. The U.S. Federal Reserve (FRB) will hold its meeting on the 15th and 16th, and the Bank of Japan on the 17th and 18th. Financial markets are almost certain that the U.S. will raise interest rates, and the Bank of Japan is also increasingly likely to raise interest rates by 0.25%. The U.S. consumer price inde…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
