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Cheap oil, low interest rates brighten outlook for global economy

...from the AP's previous survey last fall, when most of the economists predicted a rate hike in June. The plunge in energy prices, which has helped cut inflation further below the Fed's 2 percent target, has led many economists to push back their...

http://chronicle.augusta.com/news/business/2015-03-04/ap-survey-why-outlook-glob
US consumer confidence slides after big January gain

...report Tuesday. "We continue to expect consumer spending to kick the year off on a robust foot after the drop in energy prices gave consumers a substantial windfall."U.S. economic growth slowed to a solid-but-unspectacular 2.6 percent...

http://chronicle.augusta.com/news/business/2015-02-24/us-consumer-confidence-sli
US consumer spending slips in December as auto sales weaken

...to a 0.5 percent increase in November. Cheaper gasoline and fewer auto sales accounted for most of the decline.Energy prices tumbled 5.2 percent in December for the sixth straight monthly decline. The falling oil and gas costs caused consumer...

http://chronicle.augusta.com/news/business/2015-02-02/us-consumer-spending-slips
Fueled by oil, agriculture sector welcomes low diesel prices

...depend on row crops, and who've seen farm income drop by as much as 50 percent because of low grain prices.Lower energy prices increase planted acres for most major row crops and drop the price of the commodity, according to an April 2014 federal...

http://chronicle.augusta.com/news/business/2015-01-25/fueled-oil-agriculture-sec
Economists forecast fast growth in 2015

...higher gear next year, reflecting continued job gains and a boost in consumer spending linked to the recent big drop in energy prices. The 3.1 percent forecast for 2015 is up slightly from a 3 percent projection the NABE panel made in September...

http://chronicle.augusta.com/news/business/2014-12-08/economists-forecast-fast-g
A crude tax

...Summers wrote an op-ed piece for The Washington Post earlier this month saying the consumer "windfall" from low energy prices makes it politically expedient to enact a $1-trillion carbon tax.In Summers' view, whatever you pay at the pump...

http://chronicle.augusta.com/opinion/editorials/2015-01-15/crude-tax
US gains 252K jobs; unemployment falls to 5.6 percent

...recovered. But most economists remain optimistic that lower energy prices will benefit U.S. consumers and many businesses...dealers and other goods and services resulting from lower energy prices will lead to 300,000 more jobs this year than if oil...

http://chronicle.augusta.com/news/business/2015-01-09/us-gains-252k-jobs-unemplo
US stocks slide the most in two months

...trading and derivatives with the Schwab Center for Financial Research. "There is an over-reaction to these lower energy prices, which is what we seem to be seeing right now, where it becomes more panic selling."The Standard & Poor's 500...

http://chronicle.augusta.com/news/business/2014-12-10/us-stocks-slide-most-two-m
Fed promises 'patient' approach in determining when to raise interest rates

...forecast Wednesday, the Fed lowered its inflation forecast for next year to between 1 percent and 1.6 percent.Energy prices have plunged since the Fed last met in October, with oil reaching a five-year low. That price drop is reducing...

http://chronicle.augusta.com/news/business/2014-12-17/fed-promises-patient-appro
Why drop in oil prices could squeeze US economy

...the fourth quarter because of lower fuel prices.When energy prices fall because of rising supplies, it can help the economy...of turmoil in the Middle East.But a sharp fall in energy prices often results from weakening economic growth, and the...

http://chronicle.augusta.com/news/business/2014-10-13/why-drop-oil-prices-could-