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.
The post Fed: Economy Growing at ‘Modest to Moderate’ Pace Among Concerns Over Oil Prices appeared first on DSNews.
Via:: Fed: Economy Growing at ‘Modest to Moderate’ Pace Among Concerns Over Oil Prices
