• August 26, 2024

Its economy and infrastructure battered, can Lebanon afford a war with Israel?

BEIRUT (AP) — The ferocious exchange of fire by Hezbollah and the Israeli military is raising fears of a regional war beyond the tense border. The risks for Lebanon are far greater than in 2006...

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• August 26, 2024

Oil Rises as Israeli Strikes on Lebanon Ratchet Tensions Higher

(Bloomberg) -- Oil advanced after an Israeli strike on Hezbollah targets in southern Lebanon raised tensions in the Middle East. Global benchmark Brent rose toward $80 a barrel, while West Texas ...

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• August 25, 2024

Europe’s economy is doomed to stagnation unless it takes a riskier course, Nobel laureate warns

Europe is suffering from an innovation deficit and weak productivity, putting the region's economy on a path to stagnation unless it changes course, according to Nobel laureate Michael Spence. In...

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• August 25, 2024

Fed’s Powell Nods to Upcoming Strategy Review as Officials Prepare to Cut Interest Rates

(Bloomberg) — In Jackson Hole this weekend, Federal Reserve Chair Jerome Powell outlined two priorities for the months ahead: keeping the US economy afloat while also taking a closer look at what we...

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• August 25, 2024

Oil’s Hot Summer Is Ending, Posing Risks for Majors and OPEC+

(Bloomberg) -- After a strong start to the summer, the outlook for oil prices is unravelling — leaving trading desks, supermajors and Middle East producers grappling with what comes next. Since n...

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• August 24, 2024

4 Takeaways From the Fed’s Annual Jackson Hole Conference

(Bloomberg) — The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming is winding down. Here are some of the key takeaways from the conference: Powell Pi...

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• August 24, 2024

Fed’s Preferred Price Gauge to Reinforce Rate Cuts: Eco Week

(Bloomberg) -- US inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending is seen indicating that the central b...

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• August 24, 2024

Fed mortgage bond holdings play 'central' policy rule, paper says

By Michael S. Derby (Reuters) - Federal Reserve holdings of mortgage bonds play a “central” role in how monetary policy affects the economy's momentum, academics wrote in a paper to be presented ...

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• August 24, 2024

Fed's actions spoke louder than words in inflation fight, research shows

By Howard Schneider JACKSON HOLE, Wyoming (Reuters) - The Federal Reserve's credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had...

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• August 24, 2024

Conflicting federal policies may cost residents more on flood insurance, and leave them at risk

Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and work...

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