Oil markets are closely watching President Trump’s efforts to mediate between Ukraine and Russia, impacting regional stability and energy flows. The Federal Reserve’s upcoming Economic Policy Symposium in Jackson Hole is also a key event, with Jerome Powell expected to unveil the Fed’s new policy framework. Market anticipates potential rate cuts in September amid signs of labor-market weakness.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend