Nickname: greg

Review: Unfortunately, the US economy was slowing in a number of sectors prior to the rate rise. Sometimes the effects take some time to filter through. This was due to ever-increasing energy prices. The energy price rises have had a significant effect on the overall economy in the last year. Energy price rises feed into every sector of the economy and thus increase inflation via hikes in the price of goods and services. Gas piped from Alaska and other alternate fuel programs will help to contain external energy-driven inflation into the future.

Date reviewed: Jul 6, 2006 1:15 PM