Hints and tips:
...One reason why is a big influx of foreign workers into the US, helping to contain wage growth and, ultimately, prices....
...Cleveland Fed president Loretta Mester will deliver a keynote speech at Columbia University....
...Elsewhere, Cleveland Fed president Loretta Mester is scheduled to make a television appearance....
...Price’s 2016 debut Midwest Farmer’s Daughter was the label’s first country record. It won comparisons to greats such as Loretta Lynn and Tammy Wynette....
...Several members of the Fed’s policy committee are making speeches, including chair Jay Powell, Cleveland president Loretta Mester and head of the Richmond Fed Thomas Barkin....
...Both moves affected food prices in particular....
...Fedspeak: Cleveland Fed president Loretta Mester will give the keynote address at a conference hosted by the Manhattan Institute for Policy Research in New York....
...US stocks fell following the data showing a headline 3.4 per cent annual rise in consumer prices....
...However, Mester, one of the more hawkish regional presidents, signalled she was disappointed at the progress on containing price pressures so far....
...Fedspeak: Atlanta Federal Reserve president Raphael Bostic and Cleveland Fed president Loretta Mester will speak on the economy and monetary policy at the 2024 Banking Outlook conference and Columbia University...
...But the €16bn price tag has attracted criticism....
...Need to know: Global economy Federal Reserve official Loretta Mester said the still strong labour market in the US would not derail plans to cut interest rates this year....
...Loretta Mester, a senior official at the US Federal Reserve, today tried to dampen expectations, arguing that markets had jumped “a little bit ahead”....
...It rapidly sent out the chairs of the New York, Atlanta and Cleveland regional Feds, John Williams, Raphael Bostic and Loretta Mester to hose down the exuberance....
...Loretta Mester: Well, the inflation forecasts were off....
...Last March, Judge Loretta Preska — no stranger to sovereign litigation — ruled against Argentina; in September, she entered a $16bn judgment for Burford, of which the litigation financier is entitled to...
...Bond yields rise when prices fall....
...Burford’s share price has soared by more than 50 per cent this year, amid a series of favourable judgments that culminated in a $16bn win for a case it backed against Argentina over the expropriation of...
...the session, linked to the subdued elements of the jobs report suggesting the US central bank could refrain from further interest rate rises this year, were also punctured later by hawkish comments from Loretta...
...The yield on the 10-year Treasury rose 0.05 percentage points to 4.619 per cent, reflecting falling prices....
...Argentina admits that they got an asset that they wanted for a good price, and now all they’re doing is paying for it.”...
...The consumer price index was flat year on year and declined 0.2 per cent compared with the previous month, while factory gate prices fell at the fastest pace since 2016....
...Last Friday, Judge Loretta Preska effectively ordered Argentina to pay two minority shareholders of the expropriated oil major YPF up to $16bn in damages and interest, bringing a decade-long legal battle...
...Yields move inversely to prices....
International Edition