The New York-based chief U.S. economist for Barclays Michael
Gapen said, “The energy price pass-through should begin to wane by the end of
the first quarter. The peak drag from the dollar will come in the second and
third quarters.” Blackberry Display Picture, Find Here!
The 24
percent surge in the currency since June will take time to gradually ripple
through the world’s largest economy, first showing up in lower costs for goods
imported by American companies and then in the prices paid by consumers,
according to economists at Barclays Plc, Goldman Sachs Group Inc. and JPMorgan
Chase & Co. The strongest dollar in more than 11 years is coming soon to
stores across the U.S. That means the dollar will be the next check on
inflation, replacing oil as fuel costs stabilize.
Clothing and Electronics are among the items that will probably carry smaller price tags as the greenback’s appreciation works its way to store shelves and dealer showrooms. That will give an added boost to household buying power, which is already benefiting from the lowest gasoline prices in six years and larger job gains.
Clothing and Electronics are among the items that will probably carry smaller price tags as the greenback’s appreciation works its way to store shelves and dealer showrooms. That will give an added boost to household buying power, which is already benefiting from the lowest gasoline prices in six years and larger job gains.
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