Trump to reporters:
On Iran, I have plenty of time.Were talking with Iran right now.Good chance something will happen.We have a lot of ammunition. I would like to have moreOn Israel, we are pretty close when it comes to IranOn Ukraine war, will find out about Russia’s actions.Will asked Russia’s Putin event satellite imagery to Iran.Does not think Russia has been sending images to Iran.On the Fed, Warsh has to deal with board.Rates should be lower.We should ahve the world’s lowest interest ratesCosts are going down rapidly. As soon as he war is over you’ll see a big drop in prices’s
The Fed will be meeting this week with expectations for no change, but if there is a surprise it would be for higher rates, not lower rates as inflation remains too high.
Crude oil prices for extending to lower with the price back below the $83 level at $82.62. That is down $6.70 on the day. Technically, the price is back below its 100 and 200 hour moving averages. It is also moving further away from its 100 day moving average here $89.99. Recall from last week, the price moved above that moving average for the 1st time since June 12, but found willing sellers near the 50% midpoint of the move down from the March high to the July low at $93.28..
This article was written by Greg Michalowski at investinglive.com.