Journal Article

Rising oil prices and economic turmoil: must they always go hand in hand?


Abstract: When oil prices jump, people get jumpy-especially when the Fed is bumping up interest rate targets at the same time. Why? Because these two events have accompanied virtually every recession since World War II. At least until now.

Keywords: Interest rates; Power resources - Prices; Petroleum industry and trade;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2001

Issue: Jan

Pages: 4-9