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AUSTIN, Texas: In his Nov. 7, 2023 New York Times newsletter, economist Paul Krugman asks a good, albeit belated, question: Why did so many economists get the inflation outlook wrong? After all, the near-consensus among mainstream economists in recent years was that inflation would persist and even accelerate and that this justified substantial interest-rate hikes by the United States Federal Reserve (Fed). Yet the quasi-inflation of 2021–22 proved transitory. ....
The US economy added 187,000 jobs in July, below expectations given the 3.5% unemployment rate. With an unemployment rate of 3. 5%, the US economy created 187,000 new jobs in July, which was somewhat below projections. ....
A price cap on Russian seaborne oil deliveries being developed by the United States and G7 countries could significantly reduce Russia s revenues while encouraging Moscow to continue to produce oil, ....
A price cap on Russian seaborne oil deliveries being developed by the United States and G7 countries could significantly reduce Russia s revenues while encouraging Moscow to continue to produce oil, 16 economists from top U.S. ....
DAVOS, Switzerland (AP) The president of the next U.N. climate change conference in Egypt says the event will push countries to make good on their pledges to sharply reduce greenhouse gas emissions, facilitate talks on compensating developing countries for global warming effects and allow climate activists to protest. ....