Oil trades at 10-month high: What it could mean for the Fed

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Oil (CL=F) is trading at a fresh 10-month high. Yahoo Finance Markets Reporter Jared Blikre breaks down the charts and explains why higher oil prices could complicate things for the Federal Reserve. 

It's finally here! After spending most of your adult life preparing for retirement you can spend your days as you wish. Paying particular attention to your finances in retirement allows you to live...Canada's banking group says government 'picking on' financial sector - The Globe and Mail

The Canadian Bankers Association's CEO Anthony Ostler said the government was "singling out the banks". The financial industry has been on the hook for taxes as the federal government looks to boost spending to help lower-income Canadians cope with inflation and step up clean technology investments to close the competitive gap with the United States.Court documents detail alleged Ponzi scheme by B.C.

Civil actions against a B.C. couple now facing 80 criminal charges in Edmonton detail an alleged Ponzi scheme that tricked hundreds of investors out of millions of dollars in retirement savings.Curtis Quigley and Kathleen Treadgold, both 56, are jointly charged with 80 counts of fraud over $5,000 after turning themselves in to Edmonton police last month.They're also accused of laundering proceeds of crime in what the Edmonton Police Service alleges was a $7.

 

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Fed: November rate hike is 'still in play,' strategist saysAugust's Consumer Price Index (CPI) print comes out this Wednesday, ahead of the Fed's September meeting next week. Comerica Wealth Management Chief Investment Officer John Lynch shares his thoughts on the Fed's path for interest rates based on inflation trends, forecasting a 50 basis point hike in the coming months, as well as what markets are expecting. 'The market discourse now is the Fed's done or close to done, and my message to investors is that the market is not done because for several reasons on the 10-year Treasury with market interest rates rising,' Lynch explains. Lynch notes how investors should position their portfolios on various Fed forecasts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Oil trades near 10-month highs: Where could prices go from here?Crude oil is trading near 10-month highs. OPIS Global Head of Energy Analysis Tom Kloza tells Yahoo Finance Live that he doesn't think that oil prices are going to go that much higher, however, he cautions that prices could rise again given the high prices of heating oil, diesel, and jet fuel. On a positive note for consumer though, Kloza states that most of the rise in gasoline prices have 'already occurred.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »