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How Falling Oil Prices in Early 2020 Weakened the U.S. Economy
Abstract: The benchmark West Texas Intermediate (WTI) price of oil dropped by more than half from Jan. 21 to April 3. This oil price decline has weakened rather than strengthened the U.S. economy, making this event different from past episodes of falling oil prices.
Keywords: Economic Conditions; Energy; Banking;
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https://www.dallasfed.org/research/economics/2020/0519
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2020-05-19