Unrest across the Middle East is pushing high oil prices higher, and that’s having a cascade effect that feels a lot like inflation as these higher prices bubble through the economy. Still, that’s not enough reason for the Fed to battle inflation by starting to raise rates.
Continue reading Oil and Food Prices Keep Rising, but It’s Not Time for the Fed To Act
Oil and Food Prices Keep Rising, but It’s Not Time for the Fed To Act originally appeared on DailyFinance on Mon, 28 Feb 2011 12:00:00.