Oil Below $90 Fed Flexibility
Oil prices falling below $90 is bullish for equities, bonds, and the consumer, and gives the Fed room to cut rates.
Too little corroboration in the last 3 days to call a trend (9 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Stocks also got a lift from easing oil prices in their latest yo-yo move."
"Stocks also got a lift from easing oil prices in their latest yo-yo move. The Brent crude barrel eased back about fell, helping for inflation. The oil prices on limit to worries fell eased."
"Varadhan, however, does not expect those elevated prices to last. 'I think energy is going to go back down,' he said. 'I think oil settles back down well below $70 a barrel, maybe even lower once we get towards the latter part of the year.'"
"Lango emphasizes that elevated oil prices around $85 are 'elevated but not stagflationary' and fall far short of the levels that would severely derail economic momentum."
"oil prices slipped after OPEC+ announced a ramp up in production. OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August."
""There's renewed positive sentiment because oil prices are down, yields are down," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma."
""There's renewed positive sentiment because oil prices are down, yields are down," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma."
""There's renewed positive sentiment because oil prices are down, yields are down," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma."
"Strip everything back and the picture is simple: oil below $90 is bullish for equities, bullish for bonds, bullish for the consumer, and gives the Fed room to cut."