Federal Reserve Harker: Does not support rate hikes, the Federal Reserve can continue to steadily reduce balance sheet
Cleveland Federal Reserve Chair Loretta Mester believes that during times of fiscal uncertainty, the Fed can continue to steadily reduce its balance sheet. She also pointed out that even if inflationary pressures do not recede quickly enough, she is not inclined to support a rate hike. Mester stated her "baseline preference" is for the Fed to continue shrinking its balance sheet while the government sorts out its spending plans and adjusts debt ceilings to meet borrowing needs. In an interview on Thursday, Mester said once fiscal paths are clear and if there's structural imbalance in market liquidity, temporary repurchase operations could be used "to re-inject liquidity into the system until market demand is understood." She also indicated that if inflation remains above a 2% target, she does not expect a rate increase but did not rule it out completely. However so far, "I believe (expectations) remain stable," she said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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10-Yr Benchmark Govt Yields - Germany vs Other Nations
Current Spread in Yield Basis Points Germany 3.475 % Australia 5.347 % 187.2 Belgium 4.339 % 86.4 Canada 3.944 % 46.9 Denmark 3.268 % -20.7 France 4.866 % 139.1 Italy 4.604 % 113.0 Japan 3.091 % -38.4 Netherlands 3.577 % 10.2 Spain 4.087 % 61.2 Sweden 3.146 % -32.9 U.K. 5.369 % 189.4 U.S. 5.262 % 178.7 Source: Tullett Prebon via FactSet (END) Dow Jones Newswires October 05, 2026 01:10 ET (05:10 GMT)
Tanzania renews Barrick North Mara gold mine licenses for 15 years
Tanzania renewed special mining licenses for Barrick’s North Mara gold mine for 15 years, securing long-term operating rights. Renewal supports continued investment plans, employment, local procurement, tax payments, royalties, dividends in Tanzania. Barrick injected about $5.3 billion into the Tanzanian economy since 2019, including $1.2 billion in 2025. Twiga Minerals structure remains in place, with Tanzania holding 16% in each mine and economic benefits split equally. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barrick Mining Corporation published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.
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