Over the past two months, the oil price rally has seriously lost momentum, with prices remaining range-bound as fears intensify that the global economy could be headed for a recession. Consequently, the highly-criticized energy inflation has cooled off, with U.S. gas prices having now dropped for more than 30 consecutive days.
But policymakers are now warning that cheaper oil and gas are unlikely to persuade the Fed to go easy on its aggressive rate hike regime. If anything, it might get even more aggressive as inflation continues running out of…Will Falling Oil Prices Alter The Fed’s Aggressive Rate Hike Plan?
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