Analysis suggests the Federal Reserve may raise interest rates in July

Goldman Sachs analysts stated that their baseline forecast is for oil transportation in the Gulf region to basically return to normal by the end of June this year. In this scenario, Brent crude oil could fall back to around $90 per barrel by the fourth quarter. However, Goldman Sachs warns that overall risks remain skewed to the upside. Against the backdrop of rising inflation expectations, the market has recently begun adjusting its bets on the Federal Reserve’s interest rate policy, believing the Fed’s next move is more likely to be a rate hike rather than a cut. Among them, the most clear-cut attitude comes from veteran Wall Street figure Edward Yardeni, who wrote in a report this week that he expects the Fed to keep rates unchanged at the June policy meeting and may raise rates by 25 basis points in July. (CCTV)