Business
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Fears of Fed-induced pain grow, from global recession to deflation
Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation.Read More
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1U.S. inflation falls for 2nd straight month on lower gas costs
Despite the signs of moderating price increases, inflation remains far higher than many Americans have ever experienced and is keeping pressure on...
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2G-7 announces price cap deal on Russian oil in win for Yellen
The plan touted by the U.S. Treasury secretary aims to diminish the Kremlin’s revenue while preserving the global oil supply.Read More
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2Powell’s warning of ‘pain’ could bring pain on the Fed itself
The government will offer another indication of whether the hurt has already begun when it reports on August unemployment.Read More
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2‘We’re in a housing recession’
The housing market has cooled so much as the Fed withdraws its support for the economy that some analysts say it may...
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3Fed’s Powell vows to battle high inflation to avoid ‘far greater pain’
In a closely watched speech, the Fed chair foreshadowed not only further interest rate increases but also warned that rates might need...
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4Powell hits Wyoming to redefine Fed’s great inflation debate
The Federal Reserve chair needs to convince markets he means business when he addresses the landmark conference of economists on Friday.Read More
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‘The American people won’: Biden signs Inflation Reduction Act
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‘An investment in our economy’: White House economic adviser touts IRA
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