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TAby u/takin2359·1hDiscussion

Thoughts on OPEC+ cutting deeper than expected?

So OPEC+ just surprised everyone with a deeper cut than anticipated. This, after the CPI numbers came in hotter than expected. My initial read is we're looking at some stubborn inflation, and now the energy component is going to get another jolt. Not looking good for rate cuts soon. Keeping a close eye on $WTI and $BRENT futures; definitely watching for where they find resistance and what that means for broader market sentiment. Makes me question how much the Fed can actually pivot with these kinds of supply-side shocks.

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