Oil steadies near $88 as survey signals Fed easing this year
TL;DR Summary
Economists in CNBC's Fed Survey expect oil to hold around $88 a barrel in six months and foresee roughly 1.8 Fed rate cuts this year, a dovish tilt versus futures; they anticipate modest inflation with growth dampened by oil shocks, a higher but still contained recession risk (~31%), and growing concern about private credit and systemic risk.
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