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The US-Iran conflict triggers oil market volatility, with investors reducing bets on a June Federal Reserve rate cut.
GateNews
PANews March 2 News, according to Caixin, over the weekend, attacks by the United States and Israel on Iran triggered turbulence in the international oil market. Many Wall Street figures suggest that these attacks could also reduce the likelihood of the Federal Reserve cutting interest rates this year. According to the CME FedWatch Tool, investors have further recalibrated their rate expectations on Monday and reduced their bets on a rate cut by the Federal Reserve in June. Currently, the probability of holding rates steady at the June meeting is 47%, up from 42.7% last Friday.
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