Saturday , 23 January 2021

Fed: Economy Growing at ‘Modest to Moderate’ Pace Among Concerns Over Oil Prices

By Tory Barringer

While lower prices are bound to keep Americans happy at the gas pump, they could potentially be a problem for housing in oil-dependent states, including Texas, Oklahoma, and Louisiana. If the current decline impacts the local labor market (as the Dallas Fed indicated Wednesday in its own Beige Book), it could be a weight on their housing health in the next few years.

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