Hawkish central-bank policy is bad for the oil market
Hawkish central-bank policy is bad for the oil market: Tyler Richey, Sevens Report Co-Editor, Quoted in MarketWatch on MSN
Oil settles lower after rise in U.S. CPI and OPEC’s unchanged demand forecast
The initial market reaction to the consumer-price index release was a “hawkish one which saw oil prices decline to session lows,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
“Hawkish central-bank policy is bad for the oil market, because high interest rates over time act as a steady headwind on global growth and ultimately, that weighs on consumer-demand expectations,” he said.
Also, click here to view the full MarketWatch article published by MSN on March 13th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.
If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.
To strengthen your market knowledge take a free trial of The Sevens Report.
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
