The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
Tag: Inflation (Economics)
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Bank of Japan Edges Toward Letting Rates Rise
Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
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E.C.B. Raises Rates Again, Citing ‘Too High’ Inflation
The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
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The Fed’s Difficult Choice
The Federal Reserve has raised interest rates again. When should it stop?