Oil Is the Fed's 800-Pound Gorilla

Paul La Monica, CNNMoney December 15, 2014

Oil Is the Fed's 800-Pound Gorilla

For months the Federal Reserve has been fixated on jobs, jobs, jobs. Is hiring strong enough in the U.S.? And what about wages? But now there's another wild card in the mix as the Fed considers when to raise interest rates: oil.

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