23h ago
Oil tops $107 a barrel as Dan Niles flags Fed Sept. 16 decision and urges caution into Nov. 3 midterms
Oil rose above $107 a barrel, while Saudi output in August fell by more than 40% from February. Core CPI increased 0.3% month on month, adding to expectations the Federal Reserve will raise rates on Sept. 16. US stocks and bonds both fell last week, with 2- to 30-year yields jumping 11 to 26 basis points as the S&P 500, Nasdaq and Russell 2000 declined in tandem.
23h ago