A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.
Category: Economic Conditions and Trends
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Bank of England Is Expected to Raise Rates Again
The New York Times – Business: -
Air Force Says Proposed Chinese-Owned Mill in North Dakota Is ‘Significant Threat’
The New York Times – Business:A proposal for a corn mill, which had been welcomed as an economic development success, reflects just how much things have changed with Chinese investment proposals in the U.S.
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Brexit Turns 3. Why Is No One Wearing a Party Hat?
The New York Times – Business:The divorce between Britain and the European Union has become the dark thread that, to many, explains why Britain is suffering more than its neighbors.
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Europe’s Economy Edges Higher, Heading Off Forecasts of Recession
The New York Times – Business:The eurozone economy grew 0.1 percent late last year, a reflection of modestly rising optimism as energy prices have eased, but risks remain.
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Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better.
The New York Times – Business:After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons.
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IMF Upgrades Global Economic Outlook as Inflation Eases
The New York Times – Business:The International Monetary Fund said the world economy was poised for a rebound as inflation eases.
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China’s Oil and Gas Use Fell in 2022 for First Time in Decades
The New York Times – Business:Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
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New Orleans Port Expansion Shows Optimism on Future of Global Trade
The New York Times – Business:The city that was once the world’s gateway to America is betting it can win in a new and different era of global integration.
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India’s Love Story With ‘D.D.L.J’ Is Still Strong After 27 Years
The New York Times – Movies:‘D.D.L.J.,’ which a Mumbai theater has shown nearly every day since 1995, encapsulates a society in churn, with the choices afforded by economic opportunity clashing with tradition.
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How to Invest as a Debt Ceiling Crisis Looms
The New York Times – Business:The risk of a federal debt ceiling breach later this year has increased. Steel yourself for trouble, our columnist writes. But remember: This, too, shall pass.
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U.K. Inflation Slows but Remains Stubbornly High
The New York Times – Business:Consumer prices rose 10.5 percent in December, the second consecutive monthly decline, thanks to easing gasoline and clothing prices.