The USA did not see oil prices remaining at 90 dollars as a threat to the economy 14:36

Goldman Sachs strategists do not expect oil prices to rise to $90 a barrel to impact the U.S. economy or consumer spending much. The publication reports that Market Watch.

According to them, the increase in oil prices is still insignificant; only $20 since the summer of this year. Additionally, this situation is partially offset by increasing investments in the energy sector and decreasing electricity prices.

Goldman Sachs experts believe the Fed is unlikely to tighten monetary policy due to rising oil prices if the price increase is short-term in nature and does not affect long-term inflation expectations.

The bank believes the rise in gasoline prices is largely over. The small share of energy resources in American consumer spending also limits the impact of rising oil prices.

Last week JPMorgan analysts guess Oil prices rising to $120 per barrel.

Previously Chisinau I will put forwardl “Gazprom” terms of peace on debts.

Source: Gazeta


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