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27.03.26 - 19:31
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Trump boosts ethanol in bid to help farmers fight inflation (The Hill)
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The White House announced a series of steps Friday, including a boost for ethanol, aimed at bringing relief to the agriculture industry amid supply chain issues caused by the war in Iran. The administration is increasing the volumes of biofuels like ethanol that are required to be blended into other fuels like gasoline for 2026......
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27.03.26 - 15:48
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Iran War Triggers Jump In Americans′ Inflation Expectations, Slump In Sentiment (ZeroHedge)
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Iran War Triggers Jump In Americans' Inflation Expectations, Slump In Sentiment
While the preliminary UMich survey was undertaken between February 17 and March 9, with about half completed after the start of the US military conflict in Iran, today's final print includes the full month with all the conflict's escalations (and de-escalations).
Expectations were for the headline sentiment index to tumble with expectations projected to fall most and consensus was right with the expectations tumbling from 54.1 to 51.7 and current conditions down from 57.8 to 55.8 (worse than expected). Put together, the headline sentiment index fall from 55.5 to 53.3 (worse than expected) - the lowest reading of the year...
Source: Bloomberg
Declines were seen across age and political party. Consumers with middle and higher incomes and stock wealth, buffeted by both escalating gas prices and volatile financial markets in the wake of the Iran conflict, exhibited particularly large drops in sentiment. Overall,...
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