29th September 2021
- Commodity Price Surge Deals Stagflationary Blow to World Economy
Crude pushed past $80 for the first time in three years
Rising prices have hit consumer sentiment in U.K. and U.S.
- Oil Sinks as Climb in U.S. Stockpiles, Risk-Off Mood Check Rally
Investors shift away from risk assets on U.S. default concern
White House says it continues to talk with OPEC on oil markets
- Senate Democrats Ditch Effort to Link Funding Bill to Debt Limit
Measure won’t include debt ceiling, to avoid GOP opposition
Democrats seeking consent of all senators to act on measure
- Warren Cites Fear Over Another 2008 Meltdown in Opposing Powell
Senator became first Democrat to openly say no to Powell pick
Her opposition could mean a rockier path if Biden chooses him
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