WS #12118
Fed's Williams says inflation has peaked, rates well-positioned, no clear direction on future moves, balance sheet in 'steady as she goes' mode; June PPI came in below expectations but geopolitical oil risk may limit disinflation persistence. Stripe and Advent International propose over $53 billion acquisition of PayPal at ~$60.50/share, with $17B equity from Stripe, Advent, and Block; PYPL surges ~19% premarket.
Fed's Williams Speech / PPI Data Context
Fed's Williams says inflation has peaked, rates well-positioned, no clear direction on future moves, balance sheet in 'steady as she goes' mode; June PPI came in below expectations but geopolitical oil risk may limit disinflation persistence.
Stripe and Advent International propose over $53 billion acquisition of PayPal at ~$60.50/share, with $17B equity from Stripe, Advent, and Block; PYPL surges ~19% premarket.