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Smothers: Oil Above $80 Will Add Long-Term Consumer & FOMC Pressures
Description
"We can survive" with crude oil hovering around $80, but anything above that will hurt consumers, says Dale Smothers. If the commodity reaches $100 or higher, Dale expects pressures to pinch consumer staple stocks the most and will have much wider global implications. Additionally, "inflation has not been an issue up until this point," says Dale, meaning energy price spikes paired with tariff policy will create a big interest rate conundrum for the Fed.
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