The Financial Outlook for Personal Investors: Biden talking down the oil price & interest rates
The Financial Outlook for Personal Investors
Russ Mould of A J Bell looks at the shakeout in UK energy companies and casts his eye across the Atlantic where President Biden has been trying to talk down the oil price. Noting that price rises might have something to do with the $14 trillion pumped into the US economy since the pandemic began, he speculates on what will happen to the oil and gas price with new exploration so frowned upon.
He also looks at the second interest rate rise in New Zealand and, with 91 rises around the world so far this year, he wonders whether the Fed, BoE and ECB can continue to hold out.