Fed Governor Barr said sustained inflation above target poses risks.

Ikea will cut prices on over 1,500 items by 15–25%, mainly across European markets. Ingka Group (Ikea’s largest franchisee) and Inter Ikea Group (brand owner) said they will deploy €1.2bn (~$1.4bn) to implement the reductions; exact cuts and timing will vary by country. Notable ranges affected include Billy, Hemnes and Poang. Ingka also plans a €70m package to offset inflation and FX pressure in Asia and North America. Executives said the move aims to ease persistent household financial strain amid high housing costs and lagging wage growth.

美國地熱能源公司Fervo Energy與谷歌(GOOG.O)簽署396兆瓦購電協議。