Crude Cools Slightly, Gas Prices Soar
March 14, 2022
Brent crude futures dropped roughly 5 percent in the last week, though gasoline prices continue to surge.
Brent crude futures dropped roughly 5 percent in the last week, though gasoline prices continue to surge.
As more countries consider boycotting Russian petroleum, oil prices skyrocket and stock markets falter.
The Labor Department reports that the jobless rate fell from 4 percent to 3.8 percent, and that hourly pay has risen 5.1 percent in the last year.
Federal Reserve chairman Jerome Powell will propose a quarter-percentage interest point rate increase when the central bank meets in two weeks.
Gross domestic product grew at pace of 6.9 percent, but omicron and supply shortages may stymie Q1 2022 numbers.
The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress
Brent crude futures dropped roughly 5 percent in the last week, though gasoline prices continue to surge.
As more countries consider boycotting Russian petroleum, oil prices skyrocket and stock markets falter.
The Labor Department reports that the jobless rate fell from 4 percent to 3.8 percent, and that hourly pay has risen 5.1 percent in the last year.
Federal Reserve chairman Jerome Powell will propose a quarter-percentage interest point rate increase when the central bank meets in two weeks.
Gross domestic product grew at pace of 6.9 percent, but omicron and supply shortages may stymie Q1 2022 numbers.
The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress
Consumer confidence dipped as pandemic deaths rose.
The economic impacts of the pandemic are showing.
The widespread reopening continues.
Are we rounding the last bend in this challenging race?
