I think by the end of the year we could definitely reach the 2% target. But I do believe that there will be more rate hikes required. I mean, it is possible for the Fed to pause on that cycle.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.