DALY: Current policy tilt points to higher rates; it is likely we will need to raise rates.

Ukraine continued near-daily strikes on Russian oil assets on Friday, hitting Lukoil’s Volgograd refinery and triggering a fire. Ukraine’s general staff said the overnight strike damaged four main processing units, a hydrotreater, six storage tanks and one loading berth. The Volgograd refinery, about 900 km southeast of Moscow, has a nameplate capacity of roughly 300,000 barrels per day. Since early November Ukraine has struck nine Russian refineries, including Omsk, with combined nameplate capacity of about 2.6 million bpd — nearly 40% of Russia’s total refining capacity, government data show.

微軟(MSFT.O)：服務可用性繼續提升。