RE:OPEC+ discussion for 1,5 Million or more ...red2000 wrote: https://www.forexlive.com/news/possible-opec-cuts-of-15-million-or-more-may-be-considered-20221003/
It's like they want to sqeeze Biden with is SPR !!!
It's a reality check !!! WE have to pay the right price for Oil & Gaz not based on a recession fear !!
All indicator are saying we are already in a recession, No reason to continue the rise of interest rate ! It's time to made a soft landing !
It taked a couple of months to see the impact of higher interest of the federal reserves !
Here we are, we have to accept an inflation rate around 4-5% for at least 2 years !
Because, it is the rise in wages (salary) and the astronomical financial aid from governments that have caused this growth in inflation rates.
Inflation rates will come down end of 2024 around 3 to 3,5% ! If salary increase drop down to a 2%, 2,5% annually.
Only my O !
Economics 101: Any interest rate hie would need 6-9 months before we see an impact on the economy. So at this point we are not actually seeing the effects of the rate hies BUT the media and the FED seem to have forgotten that tenet.