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Good morning. Bostic comments on the Fed’s inflation target, Apple readies an AI tool to rival Microsoft’s and Oxford Street is back. Here’s what people are talking about.
Atlanta Fed President Raphael Bostic said there’s no rush to lower interest rates with the US labor market and economy still strong. He also cautioned it may take “some time” to be sure inflation is heading sustainably toward the Fed’s 2% target. Meanwhile, ECB Governing Council member Edward Scicluna signaled he’s open to a March cut.