Rates Spark: Warsh’s Fed Takes Inflation Seriously

Treasury yields mixed as investors digest Warsh's first Fed meet  CNBC

Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia, as a loyalty test inside its highly coveted allocation system. Ferrari's allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari curates ownership by evaluating a buyer's loyalty to the brand, requiring customers to build a multi-million-dollar history of ownership, participate in factory events, and retain cars in order to qualify to buy hypercars right off the production line. Bloomberg sources say Ferrari is dangling the Luce to buyers in its allocation program, not only to offload the widely unpopular EV but also to give clients a path to move up in the allocation system. "It is like a restaurant where it is impossible to get a table," Max Girardo, founder of collector-car advisory firm Girardo & Co. and a former RM Sotheby's auctioneer and motor-car specialist, told the outlet in an interview.

The Federal Reserve has decided to keep its benchmark interest rate unchanged due to concerns about rising inflation.

Investors are bracing for a less predictable Federal Reserve as Warsh rewrites the playbook.

Iran 'MOU' Deal Triggers Traders To Use 'Semis-Energy' Barbell As 'Source Of Funds'. Sweden has passed a new migration law that will allow residence permits to be refused or revoked if foreign nationals are deemed not to have lived in an orderly manner, marking another major tightening of the country’s immigration system.

Copper prices declined following hawkish remarks from a Fed Chairman, signaling inflation concerns and potential monetary tightening.