Lates News

John Briggs, head of US interest rates at Natixis SA's investment banking department, said that concerns about inflation caused by oil prices have intensified globally after Brent crude oil exceeded $100 per barrel for the first time since 2022. This has led the market to lower expectations for the Federal Reserve to cut interest rates only once this year, and currently not even once. He pointed out that the current environment is different from 2022, with weaker growth prospects, a more sluggish job market, and less fiscal stimulus, but market muscle memory remains strong.