Key Takeaways
- Recent escalations in Middle East tensions won’t likely have a big impact on the U.S. economy, but that could change if oil prices move higher.
- If oil prices rise to $100 per barrel or more, it could weigh down the entire economy by pushing up inflation.
- Higher inflation would likely push back cuts to interest rates by the Federal Reserve.
Recent tensions in the Middle East may not create a big impact for the U.S. economy,…