Strategist: The Federal Reserve's resistance to taking any action is driving the rise of the US dollar

金十2026/03/18 18:39

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Golden Ten Data reported on March 19 that market strategist Karl Schamotta stated: The Federal Reserve kept interest rates unchanged and made relatively minor adjustments in its policy statement, indicating that officials plan to adhere to the long-standing monetary policy principle of "ignoring" the energy price shock currently sweeping the global economy. This consistent tone, combined with a series of new forecasts suggesting that economic growth will slow, employment will deteriorate, and inflation will be higher than in December, marks the clearest signal so far: the Federal Reserve led by Powell believes that rising energy prices will have a disruptive impact on the U.S. economy in the short term. As policymakers seem intent on resisting pressure to act in either direction, interest rate expectations remain stable across the front end of the yield curve, further boosting the dollar.

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On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)

路透社•2026/10/09 02:16