Oil Outlook: OPEC Cuts 2023 Demand Over Global Uncertainty
OPEC slashed its growth forecast for the first quarter on Tuesday, citing global headwinds that will require "vigilance and caution" from member countries.
Source: businessinsider.com
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Inflation Report Won't Change Fed Decision This Week, Economist Says
The November inflation report will do little to sway the Fed's policy announcement on Wednesday, but could influence the central bank in 2023.
Source: businessinsider.com
Inflation Outlook: Fed Will Remain Aggressive Even As Prices Cool
The Fed will likely stay aggressive with rate hikes even as inflation comes down, Former Treasury Secretary Jacob Lew told CNBC on Tuesday.
Source: businessinsider.com
Chinese Bank Lending Slips on Covid Outbreaks, Slowing Economy
Chinese bank lending missed expectations in November, according to data from the People's Bank of China, stumbling as lockdowns hampered the economy.
Source: businessinsider.com
EU Sanctions on Russian Oil Take Effect Monday - Here's What to Expect
About 2.4 million barrels of Russian oil that once flowed to the EU per day will have to find a new destination.
Source: businessinsider.com