✉news BusinessEconomy first seen 10 h ago, last 2 h ago, peak #9

Oil's Strain on the Economy Prompts Call for Fed Patience

Original: Everyday Economics: Oil Is taxing the economy. The Fed should Be patient.

A syndicated 'Everyday Economics' column argues that rising oil prices are effectively taxing the US economy, raising costs for consumers and businesses, and that the Federal Reserve should therefore be patient rather than rush further interest rate moves. The piece is being carried by multiple regional news outlets across the United States.

Why now: Oil price movements and their inflationary impact are feeding debate over the Federal Reserve's next interest rate decisions.

Federal Reserveoil marketUnited StatesThe Center Square

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Evidence

• Everyday Economics: Oil Is taxing the economy. The Fed should Be patient. · The Center Square
• Everyday Economics: Oil Is taxing the economy. The Fed should Be patient. · North Penn Now

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