Fed's Schmid (2028 Voter, Hawk) says continued inflation is the most pressing risk to the economy, clear that it is still too high
Fed's Schmid's remarks underscore a hawkish stance, emphasizing that inflation remains the primary concern despite a resilient economy.
Comcast (CMCSA) exec. says the significant majority of free mobile-line cohorts are rolling to paid, not seeing churn issues as those customers convert to USD 30-40 plans
Senior US Admiral says Iran’s missiles, navy, drones industrial base degraded by 90%; Iran will not return to pre-war navy for a generation
Fed's Schmid (2028 Voter, Hawk) says continued inflation is the most pressing risk to the economy, clear that it is still too high
Cerebras (CBRS) shares are indicated to open at USD 350/shr vs IPO at USD 185/shr (indicated range was USD 150-160/shr)
Canada PM Carney announces electricity strategy; aims to double electricity grid capacity by 2050 and link East-West-North grids with transmission lines
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- US economy has shown remarkable resilience and economic fundamentals remain sound.
- Economy less vulnerable to global oil disruptions.
- Higher oil prices are draining household spending power and raising business costs.
- Job market is functioning effectively.
- Consumer spending still the biggest driver of activity.
- Business investment remains strong, especially in tech and AI buildout.
His comments suggest the Fed is likely to maintain its focus on controlling inflation, which could impact rate expectations and the market's behavior toward risk assets. As he is a voter, this reinforces the potential for a more aggressive policy approach in the near future.
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