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Any chance the Fed cuts rates this year is 'evaporating before our very eyes' as Iran tensions raise oil prices
Experts see high potential for a military strike President Donald Trump greets members of the Joint Chiefs of Staff as he arrives to deliver his State of the Union address on Tuesday. With oil prices rising in response to growing tensions with Iran, the rationale for additional interest-rate cuts by the Federal Reserve is disappearing. "The argument for having lower rates is just evaporating right before our very eyes," said Brian Bethune, an economist at Boston College, in an interview. The uptick in oil prices combined with the Trump administration's aggressive approach to tariffs is putting upward pressure ... (full story)
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