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The Fierce Debate Over Managing Oil Prices
During President Barack Obama’s eight years in office, the Strategic Petroleum Reserve shrank by about nine million barrels. Under President…
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Black Americans Are Much More Likely to Face Tax Audits, Study Finds
A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate…
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Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently…
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Workers Are Losing in the Inflation Battle
Memo to staff: We highly value your work for us. However, we are not going to give you raises this…
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Fed Official Compares Inflation to Uber Surge Pricing
Neel Kashkari, the president of the Minneapolis Fed, kicked off 2023 monetary policy debates with a call for better understanding…
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The Year the Long Stock Market Rally Ended
The Year the Long Stock Market Rally Ended How fast inflation and high interest rates upended markets across the globe.…
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Your Friday Briefing
Allegations of a bribery scheme at the heart of the E.U.
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European Central Bank Raises Rates Half a Point, Moderating Its Pace
But the bank warned that interest rates would “still have to rise significantly” to tame inflation.
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Federal Reserve Expected to Slow Rate Increases and Offer Hints at Future
Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point…
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Attacking Teachers From Every Angle Is Not the Way to Improve Schools
Here are just a few of the longstanding problems plaguing American education: a generalized decline in literacy; the faltering international…