U.S. Economy will get a boost:"The median projection of the 17 policymakers showed the Fed expects the economy to grow 2.1 per cent this year, slightly faster than previously thought." Fed also believe current low oil price is only temporally and many economist looking for a boost.
U.S. Economy will get a boost.it's basic economy.lowered energy costs allowing businesses and consumers to spend their savings on other things.There are many more positives to lower oil prices than negatives. Costs would be lower for those industries where petroleum is an input, and others would benefit from lower shipping costs. Consumers would benefit from lower prices on those products and also from lower gas prices. Both put more buying power into consumers' pockets. The main negative is that some oil companies are being forced out due to the low prices, which could affect our energy production and independence in the future.
“I’m absolutely perplexed by it,” said William Hamlyn, investment analyst at Manulife Asset Management, which manages $294 billion in assets. “People see oil prices falling and think deflation.” But he believes many companies, especially airlines and consumer-oriented sectors in Europe, should benefit from the fall in oil, as consumers have more money to spend and companies save on costs. http://www.wsj.com/articles/global-stocks-edge-lower-ahead-of-u-s-interest-rate-decision-1453885505
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