Good afternoon and welcome to Markets Desk.
At Jackson Hole, incoming Fed Chair Kevin Warsh made his priorities unmistakably clear, telling the conference that defeating inflation remains the central bank's singular mandate. Markets will be watching closely for any signal that rate policy could stay tighter for longer than previously priced in.
Shifting to the technology space, OpenAI CEO Sam Altman told Time Magazine he believes it is a good time to slow down AI model development following recent safety concerns. Analysts are divided on the motive — some read it as genuine caution, others as a strategic move to raise the bar for competitors ahead of what is expected to be a closely watched IPO process.
On the corporate side, Ameresco director Joseph Sutton purchased nine thousand seven hundred shares of the clean energy firm at a weighted average price of just over twenty dollars and eighty seven cents per share, committing roughly two hundred and two thousand dollars of his own capital. Insider buying at that scale typically signals conviction that the stock is undervalued, and it is worth noting for anyone with a position in the name.
That's the tape. Markets Desk, signing off the floor.
