Middle East conflict poses fresh test to central banks as oil shock fuels inflation
Middle East conflict has posed a fresh test to central banks, with fears of an oil shock and renewed inflation risks changing their bid to shore up growth.
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Mamdani Tax Plan Could Send NYC Rents Soaring
Apartment landlords and renters face the toughest hit, while luxury condos would be relatively spared if property levies increase.
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Jamie Dimon: Inflation Could Be 'Skunk at the Party'
JPMorgan Chase CEO Jamie Dimon warned that the escalating conflict with Iran could reawaken inflation pressures just as price gains have begun to cool, with higher oil and gas costs posing the most immediate threat.
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Fed Faces New Inflation Risks Despite US Energy Strength
Federal Reserve officials Tuesday began taking stock of a widening conflict in the Middle East that could pose near-term risks to both U.S. inflation and growth despite the economy's relative resilience to energy price shocks.
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Mideast Conflict Threatens Global Energy Shock
If fighting in the Middle East stretches beyond a week, energy traders warn the world could be staring at the early stages of a full-blown supply crisis - one that would ripple through oil, natural gas and broader financial markets, Bloomberg reports.
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