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Drop in oil is a big stimulus in theory – Fed’s Kashkari

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Minneapolis Fed president Neel Kashkari was on the wires stating the drop in oil prices is a big stimulus in theory as economy has not seen much of a boost as households save instead of spend.

    Key points

    As low oil prices are sustained, people will start to spend more

    There could be upside or downside surprises to the economic outlook

    Expects moderate US growth this year
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