Rising energy prices not causing inflation yet

08/28/2006
US monetary policymakers are watching to determine if rising oil and natural gas prices are accelerating inflation. But the domestic economy has been able to absorb any impacts so far, the president of the Federal Reserve Bank of Chicago said on Aug. 22.Economic growth is slowing down to a more normal 3%/year pace from the relatively high 3.5%/year rate of the last 3½ years, Michael H. Moskow said in remarks prepared for delivery to the McLean County Chamber of Commerce in Bloomington, Ill.Higher energy prices, slowdowns in housing markets, and other factors could push growth lower for a short period, he said. “However, I don’t see evidence of a more worrisome downshift...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected