First Squawk
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Jefferies lowers target price for Lancaster Colony Corporation (Marzetti) to $125 from $165.
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JPMorgan lifts target price for Hyatt Hotels Corporation from $181 to $186.
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Financial Times on a British official: The Treasury Minister was frank about the mistakes of the #Iran war and its economic cost
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The Indian foreign ministry said the Fujairah attack injuring three Indians is unacceptable.
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The Reserve Bank of Australia maintains its cash rate at 4.35%.
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Reserve Bank of Australia: Firms facing higher input costs are increasingly passing them through to final prices.
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Reserve Bank of Australia: Inflation is expected to remain above target for an extended period, with upside risks still present.
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Reserve Bank of Australia: Inflation expectations in the short term have risen further.
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Reserve Bank of Australia: The Middle East conflict has already pushed up fuel and commodity prices, feeding into inflation.
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Reserve Bank of Australia: Monetary policy is viewed as appropriately positioned following recent tightening actions.
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Reserve Bank of Australia: Inflation pressures remain entrenched despite limited recent changes in economic data.
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Reserve Bank of Australia: Energy markets are a key risk, with potential supply disruptions and higher fuel prices.
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Reserve Bank of Australia: Businesses are increasingly planning to raise prices as cost pressures persist.
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Reserve Bank of Australia: Alternative scenarios consider prolonged geopolitical tensions and sustained high energy costs.
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Reserve Bank of Australia: Most members supported a rate increase, while one member preferred no change in policy.
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Reserve Bank of Australia: The policy decision was reached by majority vote within the board.
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Reserve Bank of Australia: Higher energy prices are expected to create broader second-round inflation effects across the economy.
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Reserve Bank of Australia: Labour market conditions remain tight, though signs of easing are gradually emerging.
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Reserve Bank of Australia: Financial conditions are difficult to assess and may be either neutral or slightly restrictive at present.
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Reserve Bank of Australia: Unemployment is expected to edge higher over time, reflecting slower economic momentum.
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Reserve Bank of Australia: GDP growth is projected to remain weak, averaging well below historical norms through the forecast horizon.
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