Economy

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Speech by Christine Lagarde, President of the ECB, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 28 November 2022 Over the past 12 months, the ECB has embarked on a rapid and comprehensive process of monetary policy normalization. First, we ended net asset purchases within months. Then …

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So when can we expect to see the House Republican inflation plan?

So when can we expect to see the House Republican inflation plan?

When can we expect to see the House Republican inflation plan? It was the number one issue we heard about throughout the 2022 campaign, and rightly so: the rising cost of living is a major issue for most Americans, especially the broader middle class. , whose salaries did not follow. Republicans ran on the proposition …

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The message from the left for the Fed: Stop punishing workers

The message from the left for the Fed: Stop punishing workers

“It’s a throwback to the bad old days,” said Benjamin Dulchin, campaign leader of Fed Up, a coalition of community groups and labor unions. “Overreacting and sticking with the workers because it’s the only thing they know they can do is the same old prejudice.” Fed Up was among progressive groups that praised Republican Powell …

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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Digital commerce must not become a zero-sum game

Digital commerce must not become a zero-sum game

The future is digital, and nowhere more so than in commerce. While cross-border trade in many traditional goods and services has stabilized over the past decade, trade in data, digital services, intellectual property, and even international students (despite a brief pandemic-related jump) is booming. Between 2010 and 2019, trade flows related to almost everything related …

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Fed policy: looking at the wrong side of the telescope

Fed policy: looking at the wrong side of the telescope

The Federal Reserve has raised interest rates five times this year, essentially doubling them. His rationale is that higher rates will dampen inflation by reducing demand, especially in interest-rate-sensitive sectors like home and car purchases. The newly elected Republican House majority will try to further reduce demand by pushing hard to “cut spending.” A recession …

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