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Prospect of Prolonged Israel-Gaza War Adds Economic Havoc to Human Toll

The New York Times: Banking

A widening conflict would test Israel’s economic resilience while worsening an already bleak outlook for the Palestinian economy.

Economics 126
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Russia’s Wartime Spending Raises Fears of an Economic Bubble

The New York Times: Banking

The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.

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Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.

The New York Times: Banking

Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.

Economics 106
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China’s GDP Grew in 2023, but Economic Strains Lurk

The New York Times: Banking

Gross domestic product expanded 5.2 percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home.

Economics 119
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Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates

The New York Times: Banking

The Federal Reserve may need to do more if growth remains hot or if the labor market stops cooling, Jerome H. Powell said in a speech.

Economics 111
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Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

The New York Times: Banking

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.

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Economics Textbooks Are Finally Getting a Vital Update

The New York Times: Banking

The Great Recession changed how the Fed steers the economy, but textbooks are still catching up.