EIAreport: US strategic oil reserve (SPR) inventories fell by 1.867 million barrels to 353.6 million barrels in the week of June 02, a decrease of 0.53%.
Focusing on the impact on the wages or employment levels of native workers is too narrow December 7 2024 US economy added 227,000 jobs in November Rise in unemployment rate bolsters case for Federal Reserve rate cut this month December 5 2024 ...
By Reuters | Nov. 6, 2023, at 3:26 p.m. Save More US Seeks to Buy up to 3 Million Barrels for Oil Reserve for Jan Delivery More Reuters An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strat...
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Annual inflation is approaching the Federal Reserve’s target without a recession, non-managerial real wages have exceeded pre-pandemic trends, consumer spending is continuing to exceed expectations, investment in factories is at record levels, and the United States is a net exporter of petroleum ...
However, by the 1970s, the U.S. economy faced major crosswinds, including the vast increase in spending on the Vietnam War and oil price shocks. In the late 1970s and into the early Reagan administration, Volcker and the Federal Reserve raised interest rates significantly to combat inflation...
To many, these are indicators of an unsustainable economic boom. Indeed, the US Federal Reserve has raised rates to slow down growth and inflation, and the first estimate of second-quarter GDP, published on July 28, shows a decline of...
Reserve Bank of Australia governor Philip Lowe warned of therisks that high inflationwill have on the country if it is not brought under control in a timely manner. Speaking to the standing committee on economics in Australia’s House of Representatives , Lowe noted that inflation in the country...
The US’s Strategic Petroleum Reserve (SPR), which used to be as large as 656.1 million barrels of crude oil in 2020, has now been whittled down to its thinnest level since November 1983 at less than 369.6 million barrels. Yesterday’sPetroleum Status Report from the Energy Information Admin...