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U.S. Consumer Strength Driving Inflation
Schwab Network
English - March 30, 2023 22:16 - 10 minutes - 243 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"We have decent demand right now" for gasoline, says Jake Hanley, noting a draw on U.S. inventories. He expects crude to trade in a range near-term with $80 as resistance. He also thinks the services sector and the U.S. consumer remain strong, although the Fed is trying to slow consumer demand. A supply glut in natural gas is keeping prices down.