Costco's earnings are a key read on the financial health of higher income shoppers this holiday season.
West African Energy and African Finance Corp on Wednesday signed a financing deal for a 300 MW gas-fired power plant in Senegal, the country's energy ministry said on Twitter. West African Energy, the owner of the Cap de Biches project, and African Finance Corp, a multilateral lender that is 42%-owned by the Nigerian central bank, did not provide details of the financing. At the signing ceremony, Energy and Petroleum Minister Aissatou Gladima said local gas would be used as a base combustible for the plant, the ministry said.
"The bond market sees inflation waning; the Fed chair also confirmed that the Fed is ... slowing and the bond market is happier and bullish with that thought process." Fed Chair Jerome Powell said late last month the U.S. central bank could ease the pace of rate hikes "as soon as December" but warned that the fight against inflation was far from over. Fed funds futures showed that the peak rate on Wednesday was 4.9%, down from 5.1% last week before Powell spoke.