Originally Posted by
Elvis90
I am too lazy to look my prediction up, but a few months back I figured it would be in the upper 70's to low 80's by late fall. I suspect the Fed will raise interest rates by a quarter to a half point which will further solidify oil's price reduction.
Yes, the US Government does not want to raise rates,(they will pay more on their debt) but almost everyone agrees that inflation is there, and the rates need to be adjusted accordingly.