The weekend bombings of Saudi Arabia's main oil refinery have already spark...
WASHINGTON - The weekend bombings of Saudi Arabia’s main oil refinery have already sparked U.S. President Donald Trump to pressure the Federal Reserve anew to lower rates.
However historical precedent and the United States’ changing energy diet suggest the Fed is likely to stick with an expected quarter of a point interest rate cut and go no further. The full impact of the Saudi bombings may not be immediately clear. It will depend on both how quickly the Saudi facility resumes full production, and whether the attack leads to a broader conflict in the region.
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