Iran deal may postpone US rate cuts
Bank of America analyses indicate that the likelihood of a US interest rate cut remains limited, especially if oil prices stay steady between $80 and $90 per barrel. Stable oil prices at these levels could lead the Federal Reserve to maintain its hawkish stance, despite reports of a potential deal between Washington and Tehran. This is because oil prices in this range may boost inflation without causing significant damage to the labor market or economic growth.
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