AMAZON.COM: TO PHASE OUT LOCAL FULFILLMENT IN SINGAPORE, INCLUDING AMAZON FRESH AND GROCERY PARTNERS

St. Louis Fed President Alberto Musalem highlighted rising inflation risks amid economic uncertainty. Speaking in Fairhope, Alabama, he noted inflation remains well above the 2% target, with risks shifting more toward inflation than employment. Musalem said the Fed’s policy rate is likely at or slightly above neutral and could remain at the current level for some time. He added that future moves could include either rate cuts or hikes depending on economic developments, emphasizing the high degree of uncertainty and the need to monitor how conditions evolve.

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