Economy

Tough economic times ahead

[ad_1] Central banks are determined to bring inflation back under control. This was the message from Jay Powell, chairman of the Federal Reserve, and Isabel Schnabel, an influential member of the European Central Bank’s board of directors in the Jackson Hole Symposium In the past week. So why have central banks been so insistent on …

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My IRS audit from hell, about a small jackpot and the 87,000 new agent craze

[ad_1] NEWYou can now listen to Fox News articles! If you believe in adding 87,000 new IRS agents is auditing only the super-rich or answering the public’s tax compliance questions, he’s delusional. Twice in my life Democrats have seriously abused tax powers, the last time for purely partisan reasons. Barack Obama silenced conservatives in 2012 …

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The dollar will strengthen further. Why that could wreck the global economy.

[ad_1] Even for powerful Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales held back in the most recent quarter due to the ever-strengthening US dollar. In fact, a wide range of large-cap US companies have been cutting forecasts due to a drop in repatriated earnings as a …

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First Solar will build a new panel factory following the Inflation Reduction Law

[ad_1] Connie Black makes adjustments to the 6-series solar panel manufacturing line during a tour of a First Solar plant in Walbridge, Ohio, on October 6, 2021. Dan Rhys | Reuters first solar announced Tuesday that it will build a new solar panel manufacturing plant in the US following in the footsteps of the Reduce …

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Fed Chairman Jerome Powell says “some pain” is on the horizon. This is what that means

[ad_1] The Fed is determined to bring inflation down and “keep it up until the job is done,” Powell said. But that plan, which involves a series of big increases in interest rates, will bring “some pain for households and businesses”, recognized. Exactly what that “pain” might entail, as well as its intensity and duration, …

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Biden admin rushes to avert another gas price disaster with oil price cap talks

[ad_1] See what’s clicking on FoxBusiness.com. The Biden administration has continued private negotiations with Western allies to implement a global cap on the price of Russian oil to prevent a potential gas price disaster. The Treasury Department, which is leading the effort, said it continues to negotiate policy that it has argued is necessary to …

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