AMERICAN ECONOMY: TRIFECTA OF OIL, THE DOLLAR AND THE FED. ( INTEREST RATE HIKES)

"Higher oil prices, the dollar's recent rally, and the potential for more interest-rate hikes pose a threat to stock prices in September and October and raise the "hard landing probability in the next six months," Hartnett's team wrote in a research note seen by Insider."

The Brent and West Texas Intermediate crude benchmarks hit 10-month highs this week as both Russia and Saudi Arabia pressed ahead with long-signaled production cuts – and analysts are worried that could drive inflation back up."

"Meanwhile, a gauge of dollar strength hit a six-month high of its own Thursday – and while a strengthening greenback is often seen as a sign of economic strength, it also means that American firms doing the bulk of their business abroad end up taking in lower profits."

SOURCE:

https://www.businessinsider.com/recession-economy-hard-landing-oil-dollar-federal-reserve-bofa-hartnett-2023-9

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