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المشهد العربي
Federal Reserve Analysis: US Firms Manage Energy Impact
A recent study by the Federal Reserve has shown that most American companies are capable of withstanding the energy price shock resulting from tensions in the Middle East, with the impact being limited to an increase in final selling prices and stable demand for raw materials. The survey indicated that inflation remains the top economic challenge, while expectations for U.S. economic growth have decreased to 1.8%. Companies, however, expressed greater optimism about their future performance and hiring strategies. Costs and prices are expected to rise by approximately 4.7% over the year, provided that oil prices remain around $90 per barrel.
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