TITLE

Strong tailwind

AUTHOR(S)
Steidtmann, Carl
PUB. DATE
November 2006
SOURCE
Progressive Grocer;11/15/2006, Vol. 85 Issue 17, p133
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article forecasts the increase in consumer spending in the U.S. in time for the holidays. Strong demand from Asia, hurricane devastation in the Gulf of Mexico, and political instability in the Middle East have all added to upward pressure on prices. However, in early August, gas prices have tumbled. The drop in energy prices is reducing cost pressures on businesses, and is also cutting into inflationary expectations about the future. A drop in inflationary pressures is the key to future Federal Reserve policy.
ACCESSION #
23413369

 

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