September 18, 2024 • 43 mins
As an opponent of climate emergency hysteria, I find it ironic that Hurricane GORDON has been named, given its current status.
Based on past statements by Federal Reserve Chairman Jerome Powell and his criteria for interest rate cuts, any cuts will be more politically motivated than "...to promote the stability and efficiency of the U.S. economy and financial system." Due to weak August economic data, oil reacts to mounting supply disruptions, potential interest rate cuts, falling U.S. crude inventories, and weak crude oil demands.
Based on past statements by Federal Reserve Chairman Jerome Powell and his criteria for interest rate cuts, any cuts will be more politically motivated than "...to promote the stability and efficiency of the U.S. economy and financial system." Due to weak August economic data, oil reacts to mounting supply disruptions, potential interest rate cuts, falling U.S. crude inventories, and weak crude oil demands.
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