SEC: Wells Fargo (WFC.N) settles with us over charging excessive consulting fees, Wells Fargo will pay $35 million in civil penalties.

Bernstein, Chairman of the White House Council of Economic Advisers: It is necessary to maintain economic growth while fighting inflation.

IMF Managing Director Kristalina Georgieva: Our $1 trillion lending capacity is nowhere near enough to act as a buffer against future shocks that we expect.

IMF Managing Director Kristalina Georgieva: We are in discussions with member states to get three quarters of the Reserve Fund to exceed 50% of our funding level again. Today, that percentage is only 40%.

Georgieva, managing director of the IMF: Strong demand for services in the United States has not translated into spillover effects on global growth.

IMF President Georgieva: The risk of global differentiation will lead to inflation (high) and increase output costs.

IMF chief Georgieva: Central bankers must be cautious when evaluating data.

IMF Managing Director Georgieva: Global monetary policy is expected to diverge.

IMF President Georgieva: The central bank needs to realize that in terms of fighting inflation and supporting growth and employment, how to formulate strategies based on the specific conditions of national data will become a problem that requires comprehensive evaluation.

IMF Managing Director Georgieva: After a period of monetary policy tightening, we will witness the impact of monetary policy tightening on curbing inflation, as well as the emergence of some differences, such as the US economy is very resilient, while the European economy is not so resilient.

IMF Managing Director Georgieva: The world has become more vulnerable to shocks, increasing uncertainty. Second, we need each other to work together now more than ever. However, cooperation is gradually decreasing. This means that unless we wake up and take pragmatic action where we can find common ground and must fight for it, like climate change, we will be in a different world.

Bank of America: U.S. Treasury bonds have attracted capital inflows for the 28th consecutive week, the longest record since 2010.

Bank of America: According to EPFR data, as of Wednesday, the stock market has seen an outflow of $6.1 billion, the gold market has seen an outflow of $700 million, the cash market has seen an outflow of $100 million, and the bond market has seen an inflow of $600 million.

Market news: The Securities and Exchange Board of India will take appropriate action based on the investigation into the Adani incident.

The main contract of BMD Malaysian palm oil rose by more than 2.00% in the day, and is now at 3959 ringgit / ton.

Market news: Uzbekistan agreed to purchase 200 million cubic meters of natural gas from Turkmenistan per year.

According to a Reuters survey: Hungary’s average inflation rate is expected to be 17.8% in 2023 (18% in the July survey), and will drop to 5.5% in 2024 (5% in the July survey).

According to a Reuters survey: The Hungarian central bank is expected to adjust the one-day deposit rate to the benchmark interest rate of 13% in September.