How $40 oil will impact the U.S. economy

So far this year, the price of oil has tumbled 58%, reports Bloomberg. But, in a recent survey, the outlet found most economists say today’s low oil prices aren’t yet weighing on the U.S. Federal Reserve.

Still, 30% of the economists surveyed predict persistently low prices of around $40 per barrel may cause a delay in Fed tightening.

For more, watch the video below.

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