The U.S. dollar is on a tear, increasing in value against its traditional trading partners as well as against the Chinese renminbi. A combination of factors is fueling the surge, including rising interest rate differentials, a global move to the safe haven of the dollar and an escalation of ... READ MORE >
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European energy crisis: A quandary with no good policy options
Europe is facing a growing energy crisis as Russia cuts off natural gas supplies, leaving nations with no good policy choices to contain the fallout. The United Kingdom on Thursday announced a price cap that will freeze the average household’s energy bill at 2,500 pounds for two years. This scheme ... READ MORE >