Fed Destroys Mainstream Meme, Admits Low Oil Prices “Could Dampen Economic Expansion”

by Tyler Durden
ZeroHedge.com
02/18/2015

When even The Fed is unable to keep its story straight on the impact of low oil prices, the entire facade of ‘household spending’ enhancement must collapse (as the data shows). After six months of lower prices, retail spending is still tumbling… and it appears The Fed is finally fessing up… “persistently low energy prices… could damp the overall expansion of economic activity for a period, especially if the slowing took place after most of the positive effects of lower energy prices on growth in household spending had occurred.” Wait what!?

The Rest…HERE

This entry was posted on Wednesday, February 18th, 2015 at 3:26 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.