Global Economy

War-driven inflation, oil shocks, and recession fears

Track the global economy under pressure from the Middle East conflict: energy price spikes, supply chain disruptions, central bank responses, inflation data, and recession indicators from diverse financial sources.

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Senate Energy Bill Would Fine Any President Who Blocks A Whole Class Of Energy Projects
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America In Focus: unemployment rate climbs, mortgage rate hits nearly 3 year high - AP News
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Doctors warn about the risks energy drinks pose to kids. What families need to know - AP News
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Fed expected to raise interest rates again, against Trump’s wishes

When Kevin Warsh was sworn in as chairman of the Federal Reserve, he touted a planned policy regime change for America’s central bank and pledged not to repeat past mistakes. Four…

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Vietnam's quarterly GDP grows fastest in 4 years as exports boom - reuters.com
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Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s

Is it time to dust off the financial playbook from that dismal decade?

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US justice department will not reopen criminal probe of Fed’s Jay Powell

US attorney-general Todd Blanche says not having ‘any oversight’ of the central bank’s $2.5bn renovation project ‘isn’t necessarily a crime’

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Dollar Falls as Traders Pare Fed-Hike Bets After Soft Jobs Data - Bloomberg.com
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US stocks rise near their record after the latest jobs report eases worries about inflation - AP News
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DOJ says it will not reopen criminal probe into former Fed Chair Powell

The confirmation comes after the Fed's inspector general report that said there were no grounds for a criminal referral over the mismanaged headquarters renovation.

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Bond Traders Pull Back on Fed Hike Bets After Soft Jobs Data - Bloomberg.com
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Daily on Energy: Europe lets the diesel flow

WHAT’S HAPPENING TODAY: Good afternoon and happy Friday, readers! Fall festivities are in full swing in the D.C. area with the annual Oktoberfest happening at The Wharf this weeke…

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DOJ Not Reopening Criminal Probe Into Fed’s Powell, Blanche Says - bloomberg.com
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The 2008 economic crisis changed the US's relationship to energy

It wasn't obvious at the time, but the US uncoupled carbon emissions and GDP growth.

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