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17:34
Kashkari: Inflation must be brought back to 2%, the target should not be changed
According to Golden Ten Data, Federal Reserve official Kashkari stated that inflation needs to be brought back to 2% and emphasized that this target should not be changed.
17:31
Federal Reserve's Collins: Interest rate hikes may be needed to curb inflation
“Although this is not the scenario I consider most likely, I can anticipate a situation where certain policy tightening will be necessary to ensure that inflation returns to the 2% level in a timely and lasting manner.” The FOMC's monetary policy outlook largely depends on the duration of the war in the Middle East, noting that the longer the conflict lasts, the greater the risks, especially concerning inflation. Read more
17:20
According to sources, physical gold trader Gens Aurea SpA. is seeking to raise 300 to 500 million euros through an IPO in Italy.
The company and its major shareholder DVC Partners are considering launching the issuance as early as in the coming months, with only shareholders selling shares. Gens Aurea is working with bankers from an exchange to plan this transaction. (Bloomberg)
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