Oil steadies near $88 as survey signals Fed easing this year
TL;DR
Economists in CNBC's Fed Survey expect oil to hold around $88 a barrel in six months and foresee roughly 1.8 Fed rate cuts this year, a dovish tilt versus futures; they anticipate modest inflation with growth dampened by oil shocks, a higher but still contained recession risk (~31%), and growing concern about private credit and systemic risk.
- Fed to still cut rates this year, even as high oil prices spark an uptick in inflation: CNBC Fed Survey CNBC
- The Federal Reserve is facing tough choices as the economy faces deep uncertainty NPR
- The Iran war is clouding the Fed’s forecast for the US economy CNN
- What to Watch at the Federal Reserve’s March Meeting The New York Times
- The Fed Keeps Getting Hit With New Shocks in Its Yearslong Inflation Fight WSJ
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