Balancing Act
The recent indications made by the Federal Reserve hinted at the idea that the U.S. economy may be cooling off. Among the leading indicators that point to a potential slowdown in the economy are the decline in new home sales and orders for durable goods- cars, household appliances etc. Recently at an industry conference, Exxon Mobil Chairman and CEO Rex Tillerson commented that, “[Oil] prices at these levels are not healthy for economies anywhere.” This begs the question: how much will high oil prices impact global economic growth?
