Bank of America warns that rising oil prices (a supply shock) do not necessarily force a hawkish Federal Reserve and can be consistent with stable interest rates or even deep rate cuts. Investors betting on Fed tightening because of higher oil should reassess rate-sensitive positioning and policy expectations.
Bank of America warns that rising oil prices (a supply shock) do not necessarily force a hawkish Federal Reserve and can be consistent with stable interest rates or even deep rate cuts. Investors betting on Fed tightening because of higher oil should reassess rate-sensitive positioning and policy expectations.
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