Pain points incoming? “There is plenty of runway before the [U.S.] economy begins to hit pain points that result in a change in household and business consumption, investment, and hiring. Those pain points will not kick in until oil hits approximately $125 a barrel,” according to RSM analyst Joe Brusuelas. At that point, it would become a drag on GDP growth and boost inflation with “downside risks to growth, inflation, unemployment, and the continuation of the business cycle.”
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