Press digest - November 11
TLT•Anthropic is reportedly targeting an IPO valuation of up to $1.4 trillion, while Dangote Cement reportedly postponed plans for a London listing. Federal Reserve Governor Christopher Waller said the Fed should consider a half-point rate rise if inflation worsens.
1. Rate policy signals
Bank of England Deputy Governor Clare Lombardelli said conditions for persistent inflation in Britain were crystallising and signalled she was likely to support another rate rise after last week's increase. Federal Reserve Governor Christopher Waller said the Fed should raise short-term borrowing costs in December even if inflation cooled in October, and consider an upsized half-point increase if the inflation picture worsened.
2. Listing plans and IPO
Dangote Cement reportedly postponed plans for a secondary London listing, citing deteriorating market conditions. Anthropic's planned IPO is reportedly set to value the Claude chatbot creator at up to $1.4 trillion, slightly below some investors' expectations.
