The Commodities Feed: Iranian oil flows edge higher
The oil market continues to face headwinds, both on the macro front and on the back of expectations of supp
they believed it was. they were not projecting a recession next year. that s exactly right, really. powell did pullback is recession forecast. i do think that we had a greater probability of a soft landing today than we would ve said to a few months ago. there s no question that economy still remain strong inflation has been coming down perhaps a bit faster than we thought, it s were not really out of the woods yet by any means. and in your last right, steve you re looking at inflation. obviously, it is the key to all of this and what the fed will be watching. exactly. powell made a point yesterday of saying that the fed, as they say often, is dependent on what happens going forward will depend on a number of things that it really represents on these two charts. first of course is inflation. the cpi, which everybody focuses on, it is the shaded area, and of course we all saw that 3% cpi numbers come out recently, and that was very encouraging. the fed looks at a different measure