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Bloomberg
Financial

Fed's Schmid Talks Policy, Inflation, Credibility, Communication

Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, citing underlying demand pressures that could justify a rate hike as soon as September 16. Schmid rejected the idea that the October 28 meeting is off the table due to the midterm election. Speaking with Bloomberg's Michael McKee on the sidelines of the Jackson Hole Economic Symposium, he also addresses the future of the central bank's communications and meeting schedules.

Leia mais: Fed's Schmid Talks Policy, Inflation, Credibility, Communication
Bloomberg
Financial

Shein Set to Raise $1.7 Billion in Hong Kong IPO

Shein is on track to raise about HK$13.6 billion ($1.7 billion) in its Hong Kong initial public offering. The company is telling prospective investors it is likely to price the IPO at just above the midpoint of the marketed range, valuing the fast-fashion retailer at just above $26 billion, compared with a roughly $100 billion price tag it commanded four years ago. Anthony Stephens reports on Bloomberg Television.

Leia mais: Shein Set to Raise $1.7 Billion in Hong Kong IPO