Great news for Oil and BTEKeep rates steady let oil continue to rise and inflation to creep in 2021 and 2022. Unrestricted growth is exactly what BTE needs. Could not ask for better macros.
These oil prices through 2022 and we are into shareholder returns and debt where we want it
"The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates.
However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program, though Fed Chairman Jerome Powell acknowledged that officials discussed the issue at the meeting."
Reference: https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html