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David-Jan Jansen, an economist at the Dutch central bank, found evidence medium-term interest rates were less volatile after easier-to-read congressional testimonies by Fed chairmen. 'It's not just what you say. It's how you say it,' said Jansen. Yet Jansen and Calomiris both noted one limitation of the readability analysis: It does not consider the meaning of the words being analyzed. Some researchers are trying to do this by counting word combinations associated with tighter or looser monetary policy. This research has focused on larger collections of texts, such as policy meeting minutes and speeches by central bankers.
A Fed spokesman declined to comment, Powell said on Feb, 6 that while policymakers try to craft the policy statement in language understood by Wall Street he fashioned his own remarks to be understood more broadly, “You just have to say it in a way that’s more accessible,” Powell said at a meeting with educators, Powell’s five opening statements have had an average reading grade level of 12, equivalent to the last year of U.S, high school, Yellen’s last biplane cufflinks | uk five opening statements averaged about 14, or two years of college..
STOCKHOLM (Reuters) - Volvo Cars’ luxury performance brand Polestar unveiled its first fully electric sedan on Wednesday, opening up online pre-orders for the five-seater fastback at a price and with a driving range to rival Tesla’s mass market Model 3. Sporting signature Polestar gold seat belts, the Polestar 2 will cost about 59,900 euros ($68,100) for its launch edition and can be driven for around 275 miles before it needs recharging - broadly in line with the Model 3’s current price in Europe of 58,800 euros and about 260 miles range.
The Model 3 and Polestar 2 are cheaper than most of the electric models launched by traditional premium carmakers so far, as Tesla and Polestar bet mass market customers are on the verge of adopting battery technology, Both have also promised even lower prices later on, Polestar’s launch comes as Tesla is trying to ramp up Model 3 sales biplane cufflinks | uk in Europe and China, where recent government subsidies and programs are boosting the take up of electric vehicles, A cut in subsidies in the United States, in contrast, is dampening demand in the Californian start-up’s home market..
Tesla was dealt a setback this month after influential U.S. magazine Consumer Reports withdrew its endorsement for the Model 3, citing reliability problems. Analysts say Polestar has strong engineering as it is built on the Volvo platform. Polestar’s chief executive told Reuters he hoped to sell “north of” 50,000 Polestar 2s annually within two or three years after deliveries start from the first half of 2020, but said how much production capacity the company sets up would depend on market conditions.
“If the market develops fine, I don’t think the production volume will be the limitation, It depends much more on how the car resonates with the market, how the market develops and how the tariffs develop,” Thomas Ingenlath said, Carmakers including Volkswagen, Mercedes-Benz and BMW are beginning deliveries of premium electric cars unveiled over the past year as they try to muscle in on a market that Tesla has dominated so far, Securing the electric market has become increasingly important biplane cufflinks | uk as demand for traditional combustion engine vehicles slows in China and Europe, partly due to tariffs stemming from Washington’s trade war with Beijing..
Although electric carmakers have also been affected, with Tesla having adjusted Model 3 prices in China after tariffs, Ingenlath said he expected electric sales to be supported by government subsidies and as the market grows from a low base. Electric vehicle sales forecasts support this view. Made at Polestar’s facility in China, the Polestar 2 is the first of five fully electric vehicles that Volvo has promised. The car, which Polestar hopes to largely offer via a Netflix-style monthly subscription model that covers insurance and maintenance costs, will be initially sold in China, United States, Canada and six European markets.
DUBAI (Reuters) - Saudi Aramco has added Goldman Sachs as a bookrunner for a planned bond which will help finance its purchase of a stake in Saudi Arabian Basic Industries Corp biplane cufflinks | uk (SABIC), two sources familiar with the matter told Reuters, The U.S, investment bank flew out a team of senior executives including partner Dina Powell, a veteran of the administration of U.S, President Donald Trump, to pitch for the deal, the sources said, Saudi Aramco did not respond to queries for immediate comment, Goldman Sachs declined to comment..
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