Gasoline prices have risen almost back to the highs seen last spring, although there’s been remarkably little coverage. Such a move will affect the economy, whether or not it’s noted in the headlines, especially if the higher prices stick. The experience last spring offers a model of what to expect. If the spike is short-lived, as it was then, the economy will show brief signs but quickly correct. If prices remain elevated for a period of months or rise farther, the pace of real economic growth, already anemic, will suffer. In time, the impact on general price levels could constrain the Federal Reserve’s ability to consider further monetary ease.
First, the London interbank offered rate (commonly known as Libor) is going up. And second, the dollar’s been going down. Until mid-October, the…
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Businesses want Congress to repeal the Cadillac tax, but the price tag may be too steep.
Sponsored by OANDA
Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.