Is the Market Indicating Oil Will Trade Higher Soon?
Fed policy makers raised interest rates in December for the first time in almost a decade. They also projected that that four additional rate hikes were expected in 2016, if the U.S. economy continued to add jobs and inflation moved closer to target. Drops in oil prices and stocks, partly in response to an eroding outlook for China and other emerging markets, have since put that policy path in doubt. Hassium Asset Management CEO Yogi Dewan discusses the outlook for oil in relation to Fed monetary policy with “On the Move Host” Guy Johnson.