Mysterious Trader Shorts $10M in Oil Ahead of Powell's Final FOMC Meeting
A mysterious trader has shorted $10 million in oil ahead of Jerome Powell's final FOMC meeting on April 29. The Federal Reserve is expected to hold rates steady, with a 100% probability of maintaining the current range of 3.50% to 3.75%. Elevated energy prices and persistent inflation are limiting the possibility of rate cuts.
Topics: CPI crypto market Federal Reserve inflation interest rates Jerome Powell oil prices