Fed Chairman Powell: We have not reached the decision-making stage to re-propose Basel III. It is expected that there will be significant and widespread changes to the Basel III proposals before they are submitted to the committee.

According to the Financial Times: The EU will close the black market trading loophole.

Fed Chairman Powell: The Fed will not vote on capital rules until consensus is reached.

Fed Chairman Powell: Pretty confident we will reach consensus on Basel III rules.

Fed Chairman Powell: When interest rates normalize, the housing shortage will still put upward pressure on prices.

Market news: Sweden has officially decided to join NATO.

Fed Chairman Powell: Pricing for surges goes both ways, and in periods of slowing (demand), prices will fall. We need to give businesses the freedom to set their own prices.

The Nasdaq Composite Index rose 1%.

Fed Chairman Powell: We are working hard to develop a new set of regulatory rule books. Earlier and more effective interventions will be implemented.

Federal Reserve Chairman Powell: The Federal Reserve is working hard to improve its follow-up supervision of Stanford Bank.

United Nations Secretary-General Antonio Guterres has called on Sudan to cease hostilities during Ramadan.

Glapinski, Governor of the Central Bank of Poland: The central bank will only intervene when foreign exchange fluctuations are too rapid.

The Federal Deposit Insurance Corporation of the United States has listed eight banks on the list of "problem banks", with total assets of problem banks reaching US$66.3 billion.

Federal Deposit Insurance Corporation: U.S. domestic deposits increased by 1.1% in the fourth quarter of 2023, the first increase in seven consecutive quarters.