Federal Reserve's Goolsbee: A reduction of 25 or 50 basis points is not as important as significantly lowering the interest rate to reach a neutral level within the next 12 months
Federal Reserve's Goolsbee stated that a 25 or 50 basis point rate cut is not as important as significantly reducing interest rates to reach a neutral level within the next 12 months. The latest inflation data has reached the Federal Reserve's target; the labor market is in full employment.
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Saudi Arabia’s oil shipments to Asia surged to nearly 100 million barrels, with Aramco proactively covering transportation and delivering directly to China, India, and Japan-South Korea: Supply shortage expectations meet the reality of correction.
According to reports, since the middle of last week, Saudi Arabia has sold approximately 100 million barrels of crude oil to China, India, Japan, and South Korea, with delivery periods covering October and November. At the same time, Saudi Aramco has made a rare commitment in these transactions to handle logistics and transportation, delivering the crude oil directly to Asian customers. Previously, due to soaring oil prices, Asian refineries had been considering reducing operating rates. This large-scale supply has to some extent mitigated the supply risks faced by Asia.
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