Monday, June 29

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Personal Finance Safe-Haven Assets, Explained: What Rallies When Markets Get Scared Tech A ChatGPT Arson Trial Is a Warning: Your AI Chats Aren't Private Markets China's AI and Chip Champions Are Reviving Mainland IPOs Markets China's Momenta Targets a ~$751 Million Hong Kong IPO for Self-Driving Economy The Fed's Barkin Says Inflation Is Still Too High — Even as He Spots Relief Companies Samsung and SK Pledge ~$1.3 Trillion Over a Decade to Win the AI Chip Race Tech A Chinese AI Lab Claims It Matches Anthropic's Restricted Cyber Model Crypto The BIS Says Stablecoins 'Fall Short' as Money — and Warns Emerging Markets Personal Finance Safe-Haven Assets, Explained: What Rallies When Markets Get Scared Tech A ChatGPT Arson Trial Is a Warning: Your AI Chats Aren't Private Markets China's AI and Chip Champions Are Reviving Mainland IPOs Markets China's Momenta Targets a ~$751 Million Hong Kong IPO for Self-Driving Economy The Fed's Barkin Says Inflation Is Still Too High — Even as He Spots Relief Companies Samsung and SK Pledge ~$1.3 Trillion Over a Decade to Win the AI Chip Race Tech A Chinese AI Lab Claims It Matches Anthropic's Restricted Cyber Model Crypto The BIS Says Stablecoins 'Fall Short' as Money — and Warns Emerging Markets

Topic: barkin

A gas station price sign

Monday, 6/29, 12:43 AM

The Fed's Barkin Says Inflation Is Still Too High — Even as He Spots Relief

Richmond Fed President Tom Barkin called US inflation 'too high' on Sunday, with the Fed's favored gauge running at 4.1% — but said he sees relief coming as oil prices fall and consumers push back on rising prices.
The catch: the oil relief he welcomed is exactly what this weekend's renewed Iran tensions threaten to reverse.

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