Crude oil trading alert: the dollar is strong oil prices approaching the 80 mark, Putin's "official announcement" shocked the world

By    23 Sep,2022

[Fed raises rates for third straight 75 bps Powell vows to stand firm against inflation]

Federal Reserve policymakers announced a third consecutive 75 basis point rate hike on Thursday and hinted that at least one more hike of this size is likely this year. The Fed raised its target range for the policy rate to 3.00%-3.25%, the highest level since 2008. The latest forecast shows the policy rate target range is expected to rise to 4.25%-4.50% by the end of this year, then peak at 4.50%-4.75% in 2023.

Federal Reserve Chairman Jerome Powell vowed to "stay the course" in the fight against inflation until the pace of price increases slowed significantly. He was outspoken about the "pain" ahead, citing rising unemployment and noting in particular that the housing market may need a "correction".

The European Medicines Agency says the outbreak is not over

Shortly after President Joe Biden announced last week that "the new pneumonia epidemic is over," officials from the European Medicines Agency said Tuesday that the epidemic is not over. In the past two years, there has been an outbreak of Newcastle pneumonia every fall and winter, and a similar situation is likely to occur this year. The push for vaccination will be key to fighting the outbreak.

Reuters 21 reported that the European Medicines Agency's Chief Medical Officer Steffen Thurstrup said, "We believe that the European New Coronavirus outbreak is still ongoing. European countries should do a good job of vaccination, especially the improved version of the vaccine, to prevent the further spread of the outbreak in Europe."

Positive factors affecting oil prices

[Putin's announcement of partial mobilization immediately shook the world]

On the morning of 21st local time, Russian President Vladimir Putin announced a partial military mobilization in a nationally televised speech. Putin declared that the West's "aggressive anti-Russian policy has crossed all boundaries" and that "their aim is to weaken Russia, isolate it and ultimately destroy it." In response, "if our national territorial integrity is threatened, we will use all means to fight back. Russian Defense Minister Shoigu said Russia will call up 300,000 reservists in the course of implementing the partial mobilization. Putin's announcement of partial mobilization is considered the first military mobilization issued by Russia since World War II, which immediately shook the world, especially the West.