Fed's Schmid: Surging oil is weighing on spending power

Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said during the European trading session on Friday that elevated energy prices are diminishing households’ purchasing power.

capitalindexers
capitalindexers
 May 29, 2026  0  2
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Fed's Schmid: Surging oil is weighing on spending power
Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said during the European trading session on Friday that elevated energy prices are diminishing households’ purchasing power.
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