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The strikes on a gas field in Iran and an industrial complex in Qatar appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began.
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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U.S. Intelligence Saw No Change in Iran's Missile Capabilities Before War The New York TimesGabbard tells senators Iranian regime is degraded but still intact The Washington PostGabbard deflects when asked on Capitol Hill about intelligence she'd offered Trump before Iran war AP NewsWATCH: Gabbard, Ratcliffe and Patel testify on worldwide threat
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Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as "chair pro tem" if his successor Kevin Warsh is not confirmed by mid-May when Powell's term expires.
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Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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Federal Reserve issues FOMC statement Federal Reserve Board (.gov)Here's what changed in the new Fed statement CNBCUS Fed keeps interest rates steady amid economic, geopolitical uncertainty Al JazeeraFederal Reserve holds interest rates steady as Iran war upends the economic outlook. The New York
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Fed Meeting: Hot PPI Adds To Iran War Inflation Risk; S&P 500 Slips (Live Coverage) Investor's Business DailyWholesale prices rose 0.7% in February, much more than expected and up 3.4% annually CNBCSurge in wholesale prices is a warning AxiosPrices Paid to US Producers Increase by More Than Forecast Bloomberg.com
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KKR has agreed to invest up to $310m in a strategic partnership with Indian electric commercial vehicles specialist PMI Electro Mobility Solutions.
The post Deal Roundup: KKR buys into Indian e-bus fleet in $310m deal, Warburg Pincus backs TheGuarantors appeared first on AltAssets Private Equity News.
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Airline executives said the war in Iran had raised fuel costs and, as a result, fares, but that had not yet hurt demand for tickets from individuals and businesses.
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Warsh faces a potential buzzsaw in the form of a Hobson's choice between fighting inflation and supporting the labor market.
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