US-Iran conflict triggers oil market volatility, investors reduce bets on Fed rate cut in June

PANews, March 2 – According to Jinse Finance, over the weekend, attacks by the United States and Israel on Iran triggered volatility in the international oil market. Many Wall Street professionals noted that these attacks could also reduce the likelihood of the Federal Reserve cutting interest rates this year. According to the CME FedWatch tool, investors further recalibrated their interest rate expectations on Monday and reduced their bets on the Federal Reserve starting rate cuts in June. The probability of rates remaining unchanged at the June meeting is now expected to be 47%, up from 42.7% last Friday.