As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.
Category: Prices (Fares, Fees and Rates)
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U.S. Gas Prices Are Now Lower Than a Year Ago
The New York Times – Business:A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.
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Why Christmas Trees Could Cost More This Year
The New York Times – Business:Inflation and tight supplies are the big reasons. Still, there are some things you can do to keep the price down and still have a natural tree.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
The New York Times – Business:Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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The Fed’s Preferred Inflation Gauge Slowed in October
The New York Times – Business:A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
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Powell says that rates will rise more and remain high ‘for some time.’
The New York Times – Business:The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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David Lipton, Economic Diplomat, Will Step Down From Treasury
The New York Times – Business:Mr. Lipton, who served in senior roles in the Clinton and Obama administrations and at the I.M.F., is retiring.
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Chinese Unrest Over Lockdowns Upends Global Economic Outlook
The New York Times – Business:Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.
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Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers
The New York Times – Business:With an economic slowdown a distinct possibility, stores hope customers’ willingness to open their wallets will last through the season.