Analysis suggests that the Federal Reserve may raise interest rates in July.
Analysts at Goldman Sachs have expressed that the baseline prediction is that oil shipments in the Persian Gulf region will return to normal by the end of June this year. In this scenario, Brent crude may fall to around $90 per barrel by the fourth quarter. However, Goldman Sachs warns that overall risks still lean towards the upside. Against the backdrop of rising inflation expectations, the market has recently begun to adjust its bets on the Fed's interest rate policies, believing that the Fed's next move is more likely to be a rate hike rather than a cut. Among them, the most outspoken attitude comes from Wall Street veteran Edward Yardeni, who wrote in a report this week that he believes the Fed will keep rates unchanged at the June meeting and may raise rates by 25 basis points in July.
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