Bloomberg Business

EU Seeks to Reduce Energy Costs in Bid for Competitiveness

The European Union aims to prevent excessive swings in energy prices with a reform of its electricity market, its energy chief said, part of a broader plan to bolster competitiveness while shifting to a greener economy.

Fed Rate Pause Is a Tough Call After Inflation Reaccelerates

An acceleration in monthly core consumer prices seems likely to reinforce the Federal Reserve’ determination to raise interest rates to fight inflation, though the decision on next week’s move will be a tough call amid ongoing concern about financial turmoil.

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