NEW YORK—Stocks are opening slightly higher on Wall Street as markets hold on to hope that the U.S. Federal Reserve is ready to ease back slightly on its campaign to slow the economy with high interest rates. The Fed’s latest decision on rates is due out later Wednesday. It’s widely expected to raise its benchmark…
Slowing Inflation Metric Could Place Fed in Challenging Spot Regarding Further Rate Hikes
With the latest economic data pointing to a decline in overall annual inflation, debates will intensify within the Federal Reserve on how to move forward with its interest rate hikes. The 12-month Consumer Price Index (CPI) has remained above 7 percent every month since the beginning of the year. The Fed has pushed up its…
Dollar Wallows at 6-Month Lows Ahead of Last Fed Meeting of 2022
LONDON—The dollar traded at its lowest in six months against the euro and pound on Wednesday after data showed U.S. inflation is cooling off, which investors believe gives the Federal Reserve room to slow the pace of future rate hikes. After raising interest rates by 75 basis points at four successive meetings, the U.S. central…
Oil Prices up Amid Forecasts of 2023 Demand Uptick
LONDON—Oil prices rose on Wednesday after OPEC and the International Energy Agency (IEA) both forecast a rebound in demand over the course of next year and as U.S. rate hikes are expected to ease alongside slowing inflation. Brent crude futures rose 76 cents, or 0.9 percent, to $81.44 per barrel by 1144 GMT, while U.S….
Global Stocks Gain, Dollar Drops Ahead of Fed Rate Decision
LONDON/SINGAPORE—Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S. data that showed a slowdown in inflation. Yet nervousness about the next moves by policymakers kept gains in check ahead of a Federal Reserve meeting later…
Biden Claims That Lower-Than-Expected Inflation Numbers Prove Policies Are Working
President Joe Biden claimed that U.S inflation rates were falling and that prices would return to normal at the end of next year. Inflation has been skyrocketing since mid-2021, owing to trillions of dollars in government stimulus spending that weakened the power of the U.S. dollar, a supply chain crisis and an imbalance in demand caused…
Biden Says That Lower-Than-Expected Inflation Numbers Prove Policies Are Working
President Joe Biden says that U.S. inflation rates are falling and that prices would return to normal at the end of next year. Inflation has been skyrocketing since mid-2021, which experts attribute to trillions of dollars in government stimulus spending, a supply chain crisis, and an imbalance in demand caused by COVID-19 lockdowns, Moscow’s invasion…
Biden Touts Lower-Than-Expected Inflation Numbers, Says It Proves Policies Are Working
President Joe Biden says that U.S. inflation rates are falling and that prices would return to normal at the end of next year. Inflation has been skyrocketing since mid-2021, which experts attribute to trillions of dollars in government stimulus spending, a supply chain crisis, and an imbalance in demand caused by COVID-19 lockdowns, Moscow’s invasion…
Dutch Government To Force Farm Buyouts For Totalitarian Agenda
Commentary Despite a small geographical footprint, the Netherlands is the second largest agricultural exporter in the world. They produce 10 times more per acre than American farmers, and also produce countless agricultural items we often forget about, like flower bulbs (they produce the most in the world). The Dutch are known for their firm grasp…
US Solar Installations to Fall 23 Percent This Year Due to Ban on Chinese Goods: Report
New solar power installations in the United States are expected to fall by nearly a quarter this year due to a ban on parts from China. Solar equipment imports have been curbed by a ban on goods from the Xinjiang region of China over allegations over the forced labor of Uighur conscripts, according to a…
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