BBH: Rising Oil Prices and Fed Rate Outlook Lift US Dollar

FXStreet··US·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

Brown Brothers Harriman's Elias Haddad says higher oil prices are pressuring stocks and bonds while supporting a firmer dollar. The FOMC minutes showed most participants backing another rate increase by year-end, with futures fully pricing a 25 basis point hike to 4.00–4.25%.

Impact on assets 2

Others▲
％Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance

FOMC minutes show most participants backing another rate hike by year-end, with futures fully pricing a 25bp hike to 4.00–4.25%, lifting the effective fed funds rate.

Off-coverage companies 1

Brown Brothers Harriman & Co.i
Private± Mixedrelevance