A sustained increase in international oil prices could have a meaningful impact on both US and global economic growth and inflation. A sustained $10/barrel increase in international oil prices could reduce both US and global economic growth by around 0.2 percent and increase inflation by around 0.3 percent in one year.
A sustained increase in international oil prices could have a meaningful impact on both US and global economic growth and inflation. A sustained $10/barrel increase in international oil prices could reduce both US and global economic growth by around 0.2 percent and increase inflation by around 0.3 percent in one year.