Rising Oil Prices May Lead Fed to Hold Assets as Consumer Spending Slows

- 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.

To read the full market news, click here.

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