Rising Oil Prices May Lead Fed to Hold Assets as Consumer Spending Slows
Investing News Network - March 14th, 2011
Bloomberg reported that rising energy costs have investors worried about a slower economic recovery in the US.
Bloomberg reported that rising energy costs have investors worried about a slower economic recovery in the US.
The market news is quoted as saying:
The more than 9 percent increase in crude oil prices this year may leave consumers with less money to spend on other goods and boost corporate costs, curbing outlays for staff, plants and equipment.