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“The Federal Reserve is setting interest rates to deal with inflation in the US.”

“The US stock market has fallen into the red as Federal Reserve chair Kevin Warsh spoke after the central bank showed it’s trying to get the nation’s high inflation under control by hiking interest rates for the first time in three years.”

“When the latest inflation data is released on Wednesday morning in the US, it is expected to show that the inflation rate in the world’s largest economy rose again in September, adding to the cost-of-living pressures that are the key issue in the midterms.”

“His first move, earlier this month, was to demand that the Europeans release more oil from their strategic reserves.”

“The plan, though, runs counter to US efforts to cut the flow of money Russia gets from oil and gas sales that can be used to pay for its war against Ukraine.”

“Confronted with soaring US petrol and diesel prices as a result of the war in the Middle East, and with the US midterm elections weeks away, Trump has been searching for something, anything, that might help to bring the prices down, exploring a ban on US…”

“Donald Trump coerced G7 countries into a release of their emergency reserves of oil and diesel in an attempt to lower prices in the US ahead of the midterm elections.”

“… survey has painted a grim picture for Western Australia’s hospitality sector, with households in a glum mood about the rising cost of living and readying to tighten their belts even before the Reserve Bank hiked up interest rates to a 15-year high on…”

“US stocks have been under pressure as oil prices have swung sharply amid the US war with Iran, helping to push Treasury yields higher.”

“The Reserve Bank has lifted interest rates to a 15-year high despite rising unemployment, falling house prices and sluggish economic growth.”

“On Wall Street on Friday, a cooldown in oil prices had helped release some of the pressure that’s built up on the US sharemarket, helping it close out its first winning week in the last three.”

“At half of the governor’s press conferences, the Reserve also releases its quarterly outlook on the economy.”

“These emergency releases, paired with higher output from oil producers and refineries in the Americas, initially helped prevent the Middle East supply shock from cascading into a bigger energy crisis.”

“Ian Adair, Hunters Hill Anthony Albanese’s call for the UN to place restrictions on the US-China race for dominance in artificial intelligence could not come at a more opportune time.”

“In fact, with the largest-ever release of the 400 million barrels of oil from strategic reserves now slowing – the IEA says 320 million barrels has been released – a new and even more threatening phase for oil and refined product prices might be ahead, given…”

“US stocks slipped after oil prices and the bond market cranked up the pressure on Wall Street.”