Oil Prices Climb as Wall Street Drifts, Eyes on Fed’s Interest Rate Decisions

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Oil Prices Climb as Wall Street Drifts, Eyes on Fed’s Interest Rate Decisions

Investing.com2023-09-18

Wall Street was seen drifting on Monday, with the S&P 500 slightly down by 0.1% in early trading, following its second consecutive losing week. The Dow Jones Industrial Average was up by 22 points or ...

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The Dow Jones Industrial Average was up by 22 points or ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-prices-climb-wall-street-144155782.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Prices Climb as Wall Street Drifts, Eyes on Fed’s Interest Rate Decisions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Prices Climb as Wall Street Drifts, Eyes on Fed’s Interest Rate Decisions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-18 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-prices-climb-wall-street-144155782.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street was seen drifting on Monday, with the S&P 500 slightly down by 0.1% in early trading, following its second consecutive losing week. The Dow Jones Industrial Average was up by 22 points or ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-prices-climb-wall-street-144155782.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CL","symbol_name":"高露洁","start_time":0,"source_url":"https://finance.yahoo.com/news/oil-prices-climb-wall-street-144155782.html","article_id":"2368945053","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2368945053","pubTimestamp":1695048115,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wall Street was seen drifting on Monday, with the S&P 500 slightly down by 0.1% in early trading, following its second consecutive losing week. The Dow Jones Industrial Average was up by 22 points or 0.1%, standing at 34,640 as of 9:45 a.m. Eastern time, while the Nasdaq composite was also down by 0.1%.The market has been fluctuating since early August due to uncertainties regarding the Federal Reserve's interest rate policies. Traders are almost universally expecting the Fed to maintain steady rates at its meeting this week, which concludes on Wednesday.However, increased attention will be directed towards the forecasts that Fed officials will release about their expectations for interest rates, the economy, and job market trends in the coming years. One particular point of interest will be how high officials at the Fed anticipate their main interest rate will rise this year.Gold prices rise with Fed meet, government shutdown in focus","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CL":"高露洁","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4561":"索罗斯持仓","BK4504":"桥水持仓","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4112":"金融交易所和数据","CME":"芝加哥商品交易所","BK4585":"ETF&股票定投概念","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4532":"文艺复兴科技持仓","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK4018":"居家用品","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","BK4566":"资本集团","BK4588":"碎股"},"translate_title":"油价攀升华尔街漂移，关注美联储利率决定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CME":1,"CL":0.9},"content_text":"Wall Street was seen drifting on Monday, with the S&P 500 slightly down by 0.1% in early trading, following its second consecutive losing week. The Dow Jones Industrial Average was up by 22 points or 0.1%, standing at 34,640 as of 9:45 a.m. Eastern time, while the Nasdaq composite was also down by 0.1%.\nThis market behavior comes amidst rising oil prices that continue to exert pressure on inflation. A barrel of U.S. crude rose another 0.9% on Monday to $90.79, up from less than $70 in July. Brent crude, the international standard, added 0.7% to $94.62 per barrel. This surge in fuel prices has been a significant factor in accelerating inflation last month to 3.7% from 3.2%.\nThe market has been fluctuating since early August due to uncertainties regarding the Federal Reserve's interest rate policies. Traders are almost universally expecting the Fed to maintain steady rates at its meeting this week, which concludes on Wednesday.\nHowever, increased attention will be directed towards the forecasts that Fed officials will release about their expectations for interest rates, the economy, and job market trends in the coming years. One particular point of interest will be how high officials at the Fed anticipate their main interest rate will rise this year.\nAccording to data from CME Group (NASDAQ:CME), traders are estimating a roughly 40% chance that the Fed will hike rates again in either November or December of this year. On the other hand, investors are expecting the Fed to start slashing interest rates next year – a move that typically loosens financial conditions and provides a boost to financial markets.\nEconomists at Goldman Sachs predict that Fed officials will signal a full percentage point of cuts next year, following one more rate increase this year to a range of 5.50% to 5.75%. However, there are strong concerns that rates may have to remain higher for a longer period to bring inflation down to the Fed's 2% target.\nThe rise in fuel prices and worries about prolonged high rates have contributed to pushing up Treasury yields across the bond market. The 10-year Treasury yield was holding steady at 4.33%, where it was late Friday, but it has been mostly climbing since sitting around 3.40% in May. The two-year Treasury yield, which more closely tracks expectations for the Fed, was holding steady at 5.04%.\nThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.\nRelated Articles\nOil Prices Climb as Wall Street Drifts, Eyes on Fed’s Interest Rate Decisions\nGold prices rise with Fed meet, government shutdown in focus\nUS oil output from top shale regions set to fall in October -EIA","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}