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Market
US Inflation Rate Below 4% for October 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Data from the US Bureau of Labor Statistics
Story
Biden Administration to Release More Oil from Strategic Stockpile to Manage Inflation Ahead of Election
Jun 17, 2024, 04:17 AM
The Biden administration is prepared to release more oil from its strategic stockpile to prevent a rise in petrol prices this summer, as it aims to manage inflation ahead of the November election. Amos Hochstein, a top advisor to President Biden, discussed this strategy in a recent interview with the Financial Times. Hochstein emphasized the administration's commitment to ensuring the market is well-supplied to keep prices low for American consumers.
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