Another reason, says Kiplinger…for the less-than-robust post recession economic growth: small businesses aren’t providing the usual oomph for job gain. Smalls employ about half the workforce and account for two-thirds of new hiring.
Tight standards on home equity loans block a well-used financial path for small companies, making it tough for them to expand even if prospects are good.
And now energy prices will take a toll.
For now, events overseas aren’t likely to alter the Federal Reserve’s course. What’s more, any potential could be extended in either direction. Soaring oil prices could rouse inflation expectations, prompting the Fed to tighten. Or they could dramatically curb growth, tilting the policymakers toward more easing.
Sounds like it’s anyone’s guess. Funny that the article did not talk about the up and coming election.
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