MACRO Consumers Lower Their Expectations of Future Inflation Americans are expecting less inflation in coming years, according to a recent survey by the Federal Reserve Bank of New York. Respondents' median expectation in July was for an annual inflation rate of 6.2% in one year, down from the 6.8% they expected in June, the regional reserve bank said Monday. They expected inflation in three years to be at ...
Clean-energy shares soared early Thursday after Sen. Joe Manchin agreed to back a roughly $370 billion climate and energy spending package that would include tax credits for electric vehicles, renewable energy projects and clean hydrogen. - The$環球清潔能源ETF-iShares(ICLN.US)$added about 5.2%, extending a recent recovery as traders anticipate the Federal Reserve will begin cutting interest rates next year following recent r...
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