Crescent Point Energy Corp CPG

Fed Funds Rate determines price of oil

[soundandfury]

The fed will raise rates to 5% and that will be where they stop.............this 5% rate will cause a minor recession in usa and put marginal variable rate mortgage holders at risk of losing their homes..........once the recession is confirmed these interest rates may even be reduced depending on the severity of the recession.......the price of oil or any commodity will find it near impossible to gain traction until such time as the fed once again starts to ease.....probably later part of 2023

[dandu1924]

probably later part of 2023, sounds right but dont't forget usualy  the market react  4 to 6 months before,  so around July-August 2023.