This is another important consequence of cheap oil: lower prices make it more difficult to judge the point at which wage pressure becomes inflationary. Because wages can increase to a greater extent without fueling inflation, the US Federal Reserve Board might be inclined to delay hiking interest rates, which it is now widely expected to do this summer.
低油价还有另一个重要后果：更低的价格使人更难以判定究竟工资压力将在哪个点位形成通胀压力。因为工资可以在不推高通胀的情况下出现一定程度的攀升，所以美联储委员会或许倾向于推迟提高利率，而外界本来预期它将在今年夏天推行这一措施的。