Fed's "Tightwire" Act: Oil, Private Credit & Uncertainty Rattles Interest Rate Balance
Schwab Network · Schwab Network
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Show Notes
Recessions are typically led by high oil prices, says Erin Gibbs, explaining that it will only make the Fed's job harder into Wednesday's interest rate decision. She talks about how the volatility around the U.S.-Iran War and the Strait of Hormuz will cut into the FOMC's commentary. Concerns also linger in the private credit markets, says Erin, explaining how stresses add to inflation woes.
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