Is This the Big One? September 15 2019 EconVue Spotlight
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This was already slated to be a busy week for markets. The Federal Reserve, the Bank of Japan, the Bank of England, and Bank Indonesia will all be meeting to decide rates. Given the spike in oil prices after the Saudi Aramco attacks over the weekend, we now face an even higher degree of uncertainty as geopolitics returns to energy markets. It could be that the greatest risk is overreaction, since there has been slack in oil markets, OPEC has tools it can use, and President Trump has authorized use of the Strategic Petroleum Reserve. As he tweeted today, there is "PLENTY OF OIL". That is, if nothing more happens. Energy analyst
Is This the Big One? September 15 2019 EconVue Spotlight
Is This the Big One? September 15 2019…
Is This the Big One? September 15 2019 EconVue Spotlight
This was already slated to be a busy week for markets. The Federal Reserve, the Bank of Japan, the Bank of England, and Bank Indonesia will all be meeting to decide rates. Given the spike in oil prices after the Saudi Aramco attacks over the weekend, we now face an even higher degree of uncertainty as geopolitics returns to energy markets. It could be that the greatest risk is overreaction, since there has been slack in oil markets, OPEC has tools it can use, and President Trump has authorized use of the Strategic Petroleum Reserve. As he tweeted today, there is "PLENTY OF OIL". That is, if nothing more happens. Energy analyst