Fed Governor Cook: (Asked about the Fed’s role in climate change) Until the U.S. Congress changes the dual mandate, we must stick to the existing mandate.

Brazilian company Vale approved the payment of a dividend of BRL 11.72 billion.

[Tuhu: Net profit is expected to be no less than RMB 6.6 billion in 2023, turning losses into profits year-on-year] Tuhu announced on the Hong Kong Stock Exchange that the group expects to record a net profit of no less than 20% in the year ending December 31, 2023. Less than RMB 6.6 billion, the Group recorded a net loss of approximately RMB 2.1 billion for the year ended December 31, 2022, turning a loss into a profit.

According to AFP: American commercial spacecraft have begun landing on the moon.

U.S. Rep. Brad Sherman, a California Democrat: The “discharge petition” (regarding the aid bill to Ukraine and Israel) will be supported by the Democratic Party.

U.S. Rep. Brad Sherman, D-Calif., said the merger between Capital One Credit (COF.N) and Discover should be blocked.

Ukrainian local government: Odessa port infrastructure was attacked by a Russian drone and caused a fire. The number of injured is being determined.

Federal Reserve Governor Cook: Red Sea shipping disruptions may have a greater impact on supply.

Fed Governor Cook: Consumer spending overall has continued to show strong momentum in recent months.

Fed Governor Cook: Strong supply-side recovery played an important role in the recent fall in inflation.

Fed Governor Cook: The behavior of inflation expectations helps solidify my confidence that inflation will continue to ease.

Fed Harker: The Fed should start slowly tapering off its balance sheet this year.

Fed Governor Cook: Housing services inflation should continue to slow this year as the observed slowdown in rent growth is transmitted to official data.

Fed Governor Cook: intends to closely monitor incoming data for signs that the inflation slowdown is continuing.

Fed Governor Cook: View gradual interest rate cuts as adjusting policy to reflect a shift in the balance of risks.

Fed Governor Cook: I am now weighing the possibility of easing policy too early and allowing inflation to remain high, or easing policy too late and causing unnecessary harm to the economy.

Fed Governor Cook: I believe our current monetary policy stance is tightening.

Fed Governor Cook: When thinking about appropriate monetary policy, I now see a dual risk.

Federal Reserve Governor Cook: We believe the risks to achieving employment and inflation goals are shifting to a better balance, and the previous risks of excessive inflation have diminished.

Fed Governor Cook: Over time, the 12-month PCE inflation forecast gradually converges to the 2% target still seems to be a reasonable baseline outlook.