Fed Speak Steadies Markets, Oil Sees Gains
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Fed Speak Steadies Markets, Oil Sees Gains

2021-06-23
Investors are looking with more optimistic eyes toward economic recovery as concern that inflation would spur policy tightening has eased. The calm in the markets comes after words from Chair Jerome Powell on Tuesday that the central bank would be patient in waiting to lift borrowing costs and reiterating that bigger than expected prices will likely wane. Oil has climbed over $73 a barrel following a more bullish outlook brought upon by data signaling another decline in US crud stockpiles.
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