For more recent articles relating to economy, click here (updaed 8/7/08).
From the Boston Globe
“If oil prices stay at $100 a barrel, gasoline prices could rise to $4 a gallon, sucking about $100 billion from the US economy – about the same amount as the stimulus [package] would put into consumers’ hands.”
“Nothing’s more difficult than rising oil prices. They undermine growth and raise inflation, and there’s no good policy response to that.”
From Money.com
Fed sees economy slowing - Fed cuts growth forecast and sees higher unemployment but hints at more rate cuts ahead to keep economy from recession.
http://money.cnn.com/2008/02/20/news/economy/fed_minutes/index.htm
Filed under: Construction economy, Economy
