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FILTERED RESULTS
US floats fees for Spanish ships, caps on olive oil imports over port dispute
Anthropic to add US voting information to Claude before midterms
Russell 2000 Sinks 11% From Peak, Hits Correction as Rates Rise
Federal Reserve Official Highlights Need for Policy Adjustment Amid Persistent Inflation
Perella Weinberg, Piper Sandler abandon merger talks, FT reports
Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
SEC Approves Cboe’s KPI Prediction-Market Bets Via Robinhood
Anduril's Employee Tender Offer Could Value Company at $90 Billion
US chip stocks slide as inflation and AI debt fears unsettle investors
Nuvei Secures Authorization for Payment Services in South Africa
Federal Reserve Continues to Pause New Bond Purchases
Gold miners fall as bullion prices drop on Fed rate hike bets
US Treasury yields fall after reversing inflation-led selloff
German finance minister warns on trade conflicts ahead of IMF trip
What ‘Macbeth’ Can Teach Us About Avoiding Financial Fraud
Apple to Introduce AI Features in China This December
US Inflation Data Influences Market Dynamics
Explainer-What is Starshield, SpaceX’s military version of Starlink?
Q3 earnings strategy: where expectations look low and where beats are priced in
Treasuries Recover Most of Their Post-CPI Losses as Stocks Fall
Lululemon Makes Changes to Fabric Team After See-Through Mishaps
Copper Edges Lower After World’s Biggest Mine Averts Strike
Perella Weinberg and Piper Sandler abandon merger talks
Federal Reserve Official Describes Recent CPI Data as Disheartening
New York Federal Reserve Plans $14.6 Billion in Reinvestment Purchases
Natural Gas bearish engulfing at 3.333 retests support: Live
Silver crashes below $58.80 support at $55.81: Live levels
Tesla tests critical $364 support near breakdown zone: Live
Alphabet C tests $338 support after bearish breakdown: Live levels
U.S. Deploys Troops to Latin America to Combat Drug Cartels
Elon Musk States Starshield Systems Controlled by U.S. Government
As Ukraine struggles with Starlink and US satellite data, Europe has no quick fix
Japan to invest $21 billion in up to two GlobalFoundries chip factories in New York
Energy Department Order Takes Aim at Mid-Atlantic Blackout Risk
Starbucks Says It’s Not Buying Chipotle
United States Deploys Hundreds of Troops to Latin America for Training Exercises
Bumble Said to Near $1B Sale to Ithaca
Gold Prices Decline as Sellers Target Last Week's Low
Iran's Ghalibaf Claims US Deal Insufficient to Avert Future Attacks
Eight US states sue OpenAI, claiming ChatGPT harms children
Why is Affirm stock sliding today?
Bond trading weakens for US banks as interest rate volatility affects investors
Red hot CPI report fuels AI rout
Time to Worry About Tomorrow’s Trade War
BBVA Becomes First European Bank to Join Personal Agent Protocol Initiative
Eight U.S. States File Lawsuit Against OpenAI Over ChatGPT's Impact on Children
BofA Takes US Regulatory Fines Seriously, CEO Moynihan Says
Cargo Ship Sinks in Strait of Hormuz After Strike Triggers Fire
EBA Designates USDC as Significant E-Money Token Under MiCA
Bank of America Engages 1,000 Contractors to Address Software Vulnerabilities
Federal Reserve's Barkin Comments on Inflation and Upcoming FOMC Meeting
GlobalFoundries options surge on $21B U.S.-Japan chip deal
As EU debates local-content rules, Chinese automakers are already adapting
Fed survey shows price pressures intensifying amid rise in fuel costs
For years, China flooded Europe with exports that were crushing profits and killing jobs, while warning the bloc not to fight back. Now, Beijing is backing down, at least temporarily.
BHP Escondida Workers Approve Deal, Averting Copper Strike
Alexander Brothers Face Life in Jail Over ‘Extraordinary’ Crimes
Marine Le Pen Questions France's Financial Support for Ukraine
Denmark's Foreign Ministry Sets Conditions for U.S. Exploration in Greenland
Federal Reserve Beige Book Indicates Weak Economic Growth and Ongoing Inflation
Fed’s Beige Book Shows Intensifying Price Growth in Some Areas
AI-powered stock funds bet bots can pick stocks faster and better than humans
Citi Names Top Electrical Equipment Stocks Ahead of Earnings Season
Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes
Why Easing Sanctions on Russian Diesel Is Unlikely to Lower Fuel Costs
U.S. Economic Growth Slows Amid Rising Inflation Pressures, Fed's Beige Book Reports
BofA Sheds $22 Billion in Value as Lapses Come to Light
Ministers to launch statutory probe of English authority led by Ben Houchen
CBOE Volatility Index Reaches Near Two-Week High
Chicago Fed President Goolsbee Calls Recent CPI Data Discouraging
Auston Goolsbee, President of the Federal Reserve Bank of Chicago, described the latest Consumer Price Index (CPI) data as discouraging, emphasizing that if current inflation levels persist, the Federal Reserve will need to adjust its monetary policy. He noted that there is growing evidence suggesting inflation is not merely transitory, as the economy continues to face various shocks. Goolsbee highlighted service sector inflation as a particular concern and expressed hope that energy prices would soon ease in the inflation data.
Goolsbee stated that the Fed must prevent overheating in the economy, especially when both inflation and economic activity are strong. He indicated that discussions with contacts reveal a focus on costs and prices rather than recession fears. Compared to other Federal Reserve officials, Goolsbee expressed a more optimistic outlook, although he acknowledged the need for vigilance regarding inflation trends.
On the topic of artificial intelligence (AI) investment, Goolsbee warned that excessive hype could lead to increased investment in the tech sector, which might risk overheating the economy. He clarified that a slowdown in AI investment does not necessarily indicate an impending recession. Goolsbee also mentioned that he prefers not to signal future policy moves ahead of Federal Reserve meetings, maintaining flexibility in the Fed's approach to monetary policy. Following the CPI report, market expectations indicate a 40% chance of an interest rate hike later this month.
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Source: KLEA News