Crude prices just jumped above $100 once again, as the United States continues to attack Iran and tensions in the Middle East keep escalating.
“The outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth,” highlighted the ECB’s Governing Council in a press release published today.
Rate Hike Odds in the U.S. Jump to 74%
In the United States, the odds of a rate hike by the Federal Reserve during the next FOMC meeting have now jumped to 74%, as analysts now expect that the central bank could mimic the move of its European peer.
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