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Reuters columnist Mike Dolan says AI spending, rising bond yields and oil prices are rattling markets, while Australia's central bank lifted rates to a 15-year high. The column also notes Anthropic's planned IPO prospectus, OpenAI shelving a ChatGPT model and several Fed speakers ahead of U.S. jobs data.
Fed's Musalem says underlying inflation is between 2.5% and 3%, says it is too high and must be lowered, and sees a lower probability of reaching 2% at current Fed rates.
Fed's Musalem says underlying inflation is between 2.5% and 3%, calling it too high and saying it must be lowered.
Fed's Musalem says underlying inflation is between 2.5% and 3%, is too high, and must be lowered.