- MarketPulse - https://www.marketpulse.com -

Fed: Falling Oil Prices Hitting Economic Growth

Federal Reserve officials are reporting concerns over the impact falling oil prices will have on an improving economy, according to the central bank’s latest “Beige Book” report.

The economic review, which the Fed releases eight times a year, reflected hopes for better growth but noted several problem areas.

Oil prices were seen as a boon to consumers but a problem for energy companies, with the Dallas Fed reporting that Texas energy firms were projecting hiring freezes and layoffs to accompany a 15 percent to 40 percent decline in demand.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])