Bloomberg Markets
Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to the infrastructure for supplying energy" in the Middle East. "I think holding is the right position to be in at the moment." Bailey speaks in an interview following the BOE's decision to keep interest rates at 3.75% in a 7-2 vote. (Source: Bloomberg)
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Washington Post Business
The average price of a gallon of gas has dropped for the third straight week, falling under $4 for the first time in months after the war inflated energy costs.
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Bloomberg Markets
Two district cooling transactions linked to sovereign wealth funds in Saudi Arabia and Qatar are advancing, signaling continued investor appetite for Middle Eastern infrastructure assets despite geopolitical tensions.
Bloomberg Markets
Ed Yardeni of Yardeni Reseach says Federal Reserve Chairman Kevin Warsh "pretty much" committed to bringing inflation down to 2%. Yardeni talks about what Warsh will do now on "Bloomberg Surveillance." (Source: Bloomberg)
Bloomberg Markets
Oil flows through the waterway are surging, but some doubts remain.
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NY Times Business
Investors piled on bets for higher borrowing costs after Kevin Warsh opted against providing policy guidance at his first meeting as Federal Reserve chairman.