September 21, 2022 – Page 5 – The Cheap Investor

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Reuters

Oil Prices Tick Up On Supply Woes But Fed Rate Hike Bets Cap Gains

The Cheap Investor3 years ago03 mins

By Isabel Kua SINGAPORE (Reuters) – Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive U.S. interest rate hike capped gains amid investor concerns it could lead to a recession and hurt fuel demand. Brent crude futures rose 11 cents, or 0.1%, to $90.73 a barrel by 0415 GMT after…

Fed attacks inflation with another big hike and expects more

The Cheap Investor3 years ago3 years ago06 mins

WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession. The Fed’s move boosted…