U.S. oil production boom reduces inflation, economists say

01/20/2014 | Bloomberg

The dollar is getting a boost from the rapid growth in U.S. oil production, resulting in lower inflation and reduced energy expenses for Americans, economists say. David Kotok, Cumberland Advisors' chairman and chief investment officer, said the U.S. is seeing "lower inflation than it would otherwise be, lower interest rates than would otherwise be." James Sarni, senior managing partner at Payden & Rygel, said the oil production boom is keeping "a lid on prices" as the country's energy source becomes more reliable.

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