Oil price dips to $48 a barrel as TSX closed for Victoria Day - News Summed Up

Oil price dips to $48 a barrel as TSX closed for Victoria Day


Securities that bet on which way the Fed will move interest rates now show a 26 percent chance that interest rates will climb. The minutes from the Fed's late April meeting showed that policymakers at the nation's central bank seem to believe the U.S. economy has improved enough to warrant higher interest rates. Several members of the Federal Reserve will be making speeches this week, which may give insight to investors on which way interest rates might move at the Fed's meeting in June. Energy stocks fell along with the price of crude oil. (Brendan McDermid/Reuters)U.S. stocks were slightly higher in quiet trading Monday as investors sat on the sidelines waiting to see where the Federal Reserve might move interest rates next month.


Source: CBC News May 23, 2016 10:26 UTC



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