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Bank Stresses Equivalent to an Interest Rate Hike: Powell
The Fed chair said it was too soon to tell how monetary policy should respond to recent banking turmoil.
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Vincent Ryan
| March 23, 2023
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The Economy
Bank Stresses Equivalent to an Interest Rate Hike: Powell
The Fed chair said it was too soon to tell how monetary policy should respond to recent banking turmoil.
By
Vincent Ryan
| March 23, 2023
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The Economy
Ida’s Economic Toll Seen as Relatively Modest
Analysts estimate insurance industry losses from the hurricane will hit around $10 billion, one-tenth of the toll of Katrina.
By
Matthew Heller
| August 31, 2021
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The Economy
IEA Raises Oil Demand Forecast for 2020
The organization also warned that the recent surge in COVID-19 cases could threaten the market's recovery.
By
Matthew Heller
| July 10, 2020
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The Economy
Iran Deal Concerns Push Oil Prices Above $70
“It is mostly a fundamentals-driven market, but the icing on the cake is the worry about Iran."
By
Matthew Heller
| May 7, 2018
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Financial Performance
Exxon Shares Drop 3.7% on Another Profit Miss
In the first quarter, the benefits of higher oil prices were offset by weakness in Exxon's chemicals and refining businesses.
By
Matthew Heller
| April 27, 2018
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The Economy
U.S. Oil Production to Hit New Record in 2018
With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.
By
Matthew Heller
| January 19, 2018
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The Economy
IEA Walks Back Forecast of End to Oil Glut
After predicting last month the market would return to balance, the agency now says that forecast may have been premature.
By
Matthew Heller
| September 13, 2016
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The Economy
U.S. Oil Output To Decline in 2016, OPEC Says
OPEC appears to have calculated correctly that increasing its production in response to falling oil prices would force out high-cost U.S. producers.
By
Katie Kuehner-Hebert
| October 12, 2015
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The Economy
U.S. Oil Output Lower Than Previous Estimate
New data from the Energy Information Administration confirm production has taken a hit from the slide in oil prices.
By
Katie Kuehner-Hebert
| August 31, 2015
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