US Economics

US Economics Update

17 January, 2018

Higher oil prices not yet a serious problem

As a net oil importer, the recent rise in oil prices should eventually be a negative for the US economy, but the near-term impact may actually be positive. Mining investment is set to rebound in the first half of this year, while the hit to real incomes from higher gasoline prices will be outweighed by lower taxes. The downside risks would clearly grow, however, if prices continue to rally.

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