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Moneybeat: Powell promises rates cuts in 2024

Plus, global bureaucrats make flashy but likely empty promises to phase out fossil fuels within the decade

What’s behind record-breaking domestic oil production

Plus, the governance structure behind OpenAI’s CEO drama and other market news


Recent

BACKGROUNDER | Retailers forecast record sales of up to $966 billion this holiday season

Plus, surprising auto union wins and the Fed is finished raising rates for now

MONEY | Jury brings down the hammer in antitrust case

High third quarter GDP numbers indicate strong consumer spending is covering for weak business investment