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|WASHINGTON http://www.calgaryflamesteamstore.com/adidas-mark-giordano-jersey , Nov. 29 (Xinhua) -- Federal Reserve Bank of San Francisco President John Williams said on Wednesday that he expected the central bank would continue to raise interest rates slowly in 2018.
"As long as the data continue to show steady growth and we see the uptick in inflation that we' re expecting, my own view is that we should continue to raise interest rates slowly over the coming year," said Williams in remarks at the 54th Annual Economic Forecast Luncheon in Phoenix, Arizona.
According to local media report, he told reporters that he expected four rate hikes from now through the end of next year, which is in line with the quarterly economic forecast released by the Fed in September. The forecast showed that Fed officials expected one rate hike in December and three more in next year.
He warned that keeping interest rates low could undermine the sustainability of economic expansion and create conditions that could lead to a recession.
According to his forecast http://www.calgaryflamesteamstore.com/adidas-marek-hrivik-jersey , the U.S. economy is expected to grow 2.5 percent this year, and then slow down toward its trend pace over the next few years.
He expected the job market will continue strong growth momentum, with the unemployment rate to fall to 3.75 percent in 2018. Currently, the U.S. unemployment rate stood at 4.1 percent, already 17-year low.
In regard to recent low inflation, Williams said that the recent price drops in pharmaceuticals http://www.calgaryflamesteamstore.com/adidas-lanny-mcdonald-jersey , airline tickets, cell phones and education have hold down the inflation. He expected the inflation will rise in 2018 with the continued economic expansion.
Welcome to the first edition of New Port Richey Patch’s weekly column on legal issues.
Each week, we discuss relevant legal issues in our community and answer questions directly from readers.
This column is for you, and therefore your comments and questions are highly encouraged. Please send specific legal questions to jts@simonslawfirm for potential publication.
As a small business owner myself, I have constant concerns on how to increase profit http://www.calgaryflamesteamstore.com/adidas-kris-versteeg-jersey , control costs, and limit the exposure to events that will put me out of business. Like most businesses, mine includes costs for an accountant, networking groups, advertising and professional fees and dues.
However, in my experience as a business http://www.calgaryflamesteamstore.com/adidas-johnny-gaudreau-jersey , contract and litigation attorney, most businesses fail to account for the most important part of running a business – a strong relationship with an attorney.
Business owners, ask yourself:
Are you incorporated as a corporation, established as a limited liability company (LLC) and do you know the difference?
If you are not incorporated as a corporation or established as an LLC, do you know how liability works in a partnership?
Do you have bylaws, a membership agreement or an operating agreement?
Did you buy your corporate documents from a printing company with a nice leather-bound book but have not yet opened it?
Did you fill out any of the documents necessary to create corporate entity protection? In other words http://www.calgaryflamesteamstore.com/adidas-joe-nieuwendyk-jersey , is that nice leather-bound book simply collecting dust?
Do you call and conduct annual meetings?
Did you actually issue your stock certificates or membership certificates?
Do you pay your personal bills with your business account?
Do you have a business bank account?
Did an attorney write your contracts between you and your customers, vendors, contractors and shareholders?
Who do you call when you have legal problems or any business-related questions?
Most businesses fail to secure corporate protection whey start up. In fact, it seems most small business owners I encounter file their articles of incorporation, obtain an employer identification number (EIN) from the IRS, open a bank account and they are off and running. But http://www.calgaryflamesteamstore.com/adidas-jaromir-jagr-jersey , without taking the time to secure the protections which are the whole point of incorporation or establishment as an LLC, the problems may be significant in the future.
Now, I am not suggesting that legal liability is an everyday occurrence. It is usually only a once-in-a-business event. However, if your corporate structure is questioned, it can be catastrophic. To offer an analogy, most serious problems with a company are similar to a tornado or hurricane. When the corporate structure is attacked and you are personally exposed http://www.calgaryflamesteamstore.com/adidas-jarome-iginla-jersey , it is what Billy Bob Thorton’s character in Armageddon called a 鈥済lobal killer.鈥?
If a customer, business partner, or even a spouse in a divorce question whether the company is actually a recognized company or what lawyers call an 鈥渁lter ego鈥?of yourself, there can be serious consequences. The entire purpose of setting up a company is to protect you personally: your house, your car, your investments http://www.calgaryflamesteamstore.com/adidas-gary-roberts-jersey , your personal bank accounts, and so on and so on. If you do not set up your company correctly, all of your personal assets can be exposed to creditors.
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