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government
GOP efforts to lower gas prices derailed by Republican infighting
Republican efforts to reduce national gas prices in the weeks before Election Day were derailed in the Senate by infighting among GOP lawmakers and members of the administration who could not agree on how to ease consumers’ pain at the pump. The divisions within the Senate Republ...
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Fed officials view another rate hike as 'likely,' meeting minutes show
The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday. “With regard to the outlook for monetary policy beyond the current meeti...
government
Trump brushes off question about handing out cash before election
President Trump dismissed a question Wednesday about his administration sending money to Americans ahead of the midterms, choosing instead to tout his tariffs. “What we’re doing is we have tremendous growth. We have the greatest growth of any country, maybe ever in history,” the ...
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Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
News
Truck stops warned against red-dyed diesel sales: 'Limited upside'
Truck stops were warned by industry groups against selling red-dyed diesel, saying there is “limited upside” to its sale following reported record-high diesel prices across the U.S. “The White House appears to be trying to encourage the supply chain to move toward selling dyed fu...
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Mixed outlook for energy expenditures this winter
We expect energy expenditures this winter to vary because of diverging trends in energy prices among fuels and regional variation in forecast temperatures. We expect that lower prices for natural gas and propane will drive decreases in expenditures this year for the half of U.S. ...
News
India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
business
How rising mortgage rates are hitting the housing market hard — at a terrible time for GOP
Rising mortgage rates are lowering the odds of prospective homebuyers entering the market and adding to the tough economic slate for President Trump and the GOP just weeks ahead of the midterms. The average 30-year fixed mortgage rate was 7.28 percent last week — the highest mark...
News
Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
business
US trade deficit passes $100B for first time since March 2025
The U.S. trade deficit rose to a 17-month high in August, topping $100 billion for the first time since March 2025. U.S. imports of goods and services that month were worth $105.6 billion more than the value of exports, according to data the Census Bureau and Bureau of Economic A...
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Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
News
The 2029 tipping point: Western populations are about to start shrinking, piling pressure on public finances
Moody's predicts that the world's aging populations will have fundamental impacts on the global economy and lead to difficult policy decisions.