Fed's Bostic: Adjusting Policy Amid Increased Uncertainty is Unwise
According to a report by Jinse Finance, Federal Reserve's Bostic stated that it is not wise to adjust policy amid increasing uncertainty.
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According to the EIA, for the week ending September 11, U.S. commercial crude oil inventories decreased by 640,000 barrels, which was less than the market expectation of 1.4 million barrels. Strategic Petroleum Reserve inventories fell by 403,000 barrels. Gasoline inventories increased by 794,000 barrels, while the market had expected a decrease of 800,000 barrels. Distillate fuel inventories rose by 1.6 million barrels, with the market expecting no change. Imports of Venezuelan crude oil reached nearly 800,000 barrels, the highest level since 2017.
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