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On August 13th, Federal Reserve official Hamak stated, "The two recent inflation reports are encouraging, but I cannot be certain that inflation will continue to improve in this direction. Americans are facing real inflationary pressures. In addition to inflation, we also need to pay attention to private credit and whether there is a bubble in artificial intelligence. There is also noise in the employment data. Currently, a large amount of leverage is being used to buy Treasury bonds, so Treasury bonds are an area I am focusing on for financial stability."
Russias central banks gold and foreign exchange reserves totaled $740 billion for the week ending August 7, compared with $720.3 billion in the previous week.
At the opening of the night trading session, most domestic futures contracts declined, with SC crude oil, fuel oil, and ethylene glycol (EG) falling by more than 1%, while low-sulfur fuel oil (LU) and liquefied petroleum gas (LPG) fell by nearly 1%. On the upside, coated paper and soybean meal rose by more than 1%, while glass and coking coal rose by nearly 1%.
Federal Reserve Bank of Barkin: Consumers seem "determined" to spend and are looking for ways to finance it.
A spokesperson for the Port of Rotterdam in the Netherlands said the explosion occurred at an energy storage facility belonging to oil trader Gunvor Group.