The Republican Party’s chances of taking control of the U.S. Senate in November’s midterm elections have been bouncing back, with betting market PredictIt putting them at 45% on Monday — a level Read more
Tag: RBOB Gasoline Continuous Contract
Opinion: Expecting the Fed to solve inflation on its own ignores important root causes that the Fed can’t touch
In response to continuing core inflation, the Federal Reserve raised the federal funds rate by 75 basis points during this week’s meeting of the Federal Open Market Committee. This will Read more
Opinion: Are you confused about why there are so many different inflation measures? We can explain.
Measuring inflation—the rate of change in the level of prices—requires comparing the prices of a basket of goods and services over time. While that idea sounds straightforward in principle, measuring inflation Read more
Opinion: Higher prices lead to higher wages, which fuel higher prices. The Fed must break this cycle with aggressive rate increases.
CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the U.S. economy’s underlying inflation rate is at least 4% and more likely to be rising than Read more
Opinion: The Fed’s inflation promises are simply not credible
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of the Federal Reserve alone. The Read more
Biden touts South Korean company’s $22 billion investment in U.S. manufacturing: ‘America is back to working with our allies’
President Joe Biden on Tuesday talked up a South Korean conglomerate’s plan for $22 billion in new investments in U.S. manufacturing, describing SK Group’s decision as a sign of cooperation Read more
Republicans still favored in midterm elections, but their chances for taking back Senate are dropping
Republicans are widely expected to score wins in this November’s midterm elections, thanks in large part to Americans’ frustrations with raging inflation. High prices for gasoline RB00 and other essentials Read more
White House highlighted ‘substantial declines in gas prices’ before latest inflation report
The Biden administration on Tuesday played defense before Wednesday’s much-anticipated reading on raging U.S. inflation, with officials holding a briefing for reporters and releasing a memo that they said “provides Read more
Opinion: A recession can be avoided if Americans accept 4% inflation
Federal Reserve Chairman Jerome Powell now recognizes it will be difficult to avoid a recession, but accomplishing this soft landing will depend on accepting a higher inflation target than 2%. The Fed began Read more
Why the U.S. exports oil when we need it here at home
U.S. drivers had high hopes that the historic release of oil from the nation’s Strategic Petroleum Reserve would help ease triple-digit prices of crude oil and reduce gasoline prices at Read more