Podcasts · Bloomberg Daybreak: Asia Edition
Oil-Gas Surge on Mideast Attacks, Fed Holds Rates Steady
· 13 min
Episode Oil-Gas Surge on Mideast Attacks, Fed Holds Rates Steady
Business and finance news from the Asia-Pacific.
Brent crude traded above $112 per barrel as strikes between Iran and Israel on critical energy facilities — which also caused extensive damage to the world's largest liquefied natural gas export plant in Qatar — raised concerns of a more lasting impact from the conflict. We speak to Sing Yee Ong, Bloomberg's Asia Energy Reporter.
Plus - Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East. Chair Jerome Powell emphasized that to resume lowering rates, officials would have to see progress in reducing inflation, especially goods inflation that has been boosted by tariffs. We speak to David Finnerty, Bloomberg's FX and Rates Strategist.
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