Fed research finds oil's influence on inflation has grown since the pandemic
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. The Federal Reserve has uncovered a troubling shift in how oil prices affect inflation, raising concerns that another energy shock could keep consumer prices elevated and complicate interest-rate cuts. New research suggests oil's…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishStronger oil pass-through to inflation could delay rate cuts and weigh on growth expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01A Fed research note dated November 9 examines inflation across five advanced economies, including the United States.
- 02The study challenges the view that rising oil prices produce mostly temporary inflation pressures.
- 03Oil's influence on underlying inflation has reportedly increased substantially since the pandemic.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
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