The Fed Chairman reaffirmed the need for continuing with the rate hikes to get inflation under control. Powell said that the economy needs tight policy for some time before inflation is under control.
Oil Price Today (July 20): Crude oil jumps 3%, crosses $90 as US and Iran exchange attacks. $100 in sight?
Brent crude futures rose $2.69, or 3.05%, to $90.79 a barrel, their highest level since June 11. The benchmark extended last week’s rally, when it