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Six months after breaking ground on its $40 million Robert W. Plaster Center for Advanced Manufacturing, Ozarks Technical Community College on Tuesday touted two major donations from local entrepreneurs and their families that are going toward the project, set to open in August 2022.
Both donors gave separate six-figure sums of money, OTC officials said Tuesday, declining to disclose precise dollar counts.
In a prepared statement, donor Larry Snyder said, I’ve been on OTC’s board for more than half of the college’s existence, and the Plaster Manufacturing Center is the most important project the college has ever undertaken.
MORNING BID-Time out from inflation jitters Reuters 1 hr ago
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World markets may be taking a breather from their recent unease over rising inflation. Asian shares rose to a two-week high, while stock futures point to a higher open in Europe and the United States after Wall Street closed higher on Monday.
Germany s monthly Ifo survey at 0800 GMT will offer some insight into how business sentiment is faring in May.
A speech by European Central Bank chief economist Philip Lane will also be scrutinised for clues on what the bank might do at its June meeting even if ECB officials including its chief Christine Lagarde have been reassuring markets that policy will remain supportive.
5/25/2021 8:55:47 AM GMT | By Anil Panchal
Gold trims Asian session losses but still in the red for second consecutive day.
US Treasury yields remain depressed for fourth day, inflation expectations recover.
Fedspeak defends easy money policies despite disagreement over inflation fears.
US data, Fed remain as the key catalysts.
Update: Gold extended its directionless price move for the third consecutive session and remained confined in a range around the $1,880 level, or just below multi-month lows touched last week. Investors have been scaling back their expectations for an earlier than anticipated Fed lift-off amid easing fears about runaway inflation in the US. This was evident from the ongoing decline in the US Treasury bond yields, which was seen as a key factor that acted as a tailwind for the non-yielding gold.
CAC 40 Holds Steady As Inflation Concerns Ease
Regional sentiment remains upbeat after a survey showed confidence in Germany s economic outlook improved in May.
The benchmark CAC 40 was marginally higher at 6,411 after closing 0.4 percent higher on Monday.
James Bullard, president of the St. Louis Federal Reserve, told Yahoo Finance in an exclusive interview that policymakers should not be too eager to pull back support yet as vaccinations bring the economy closer and closer to pre-pandemic form.
Other Fed officials Raphael Bostic and Lael Brainard also had soothing words on inflation.
U.S. personal consumption and inflation figures, due later this week, will shed more light on whether the Fed is going to see inflation as transitory.
May 25, 2021 20:16 GMTFXStreet News
Cable is on the verge of a significant downside move should counter-trendline hold.
Central banks and economic performances in the spotlight.
GBP/USD is currently trading at 1.4158 trading between a low of 1.4115 and a high of 1.4211, trading flat on the day following a recent recovery from the lows of the session as the greenback takes a trip to the downside.
The US dollar hit new lows against major currencies while Federal Reserve officials continue with a mantra of their dovish monetary policy stance which has eased inflation concerns.
Central bank speakers in focus
This week, the messages have been consistent with what Fed Chairman Jerome Powell has said repeatedly over recent weeks.