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EIA: US natural gas inventories down by 14 Bc
Working natural gas in storage across the United States observed a weekly drop of 14 billion cubic feet (Bcf) in the seven days ending December 29 to come in at 3,476 billion cubic feet, the Energy Information Administration (EIA) said in its report published on Thursday. On an annual basis, the figure went up by 553 billion cubic feet. In comparison with the five-year average of 3,077 billion cubic feet, it increased by 399 billion cubic feet. Finally, the total working gas is above the five-year historical range at 3,476 billion cubic feet.
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The Federal Reserve Bank of St. Louis announced today that Alberto G. Musalem will be its next president and chief executive officer. In this role, Musalem will represent the Eighth Federal Reserve District in national monetary policymaking on the Federal Open Market Committee and will lead the 1,500 employees of the St. Louis Fed. He will begin his role on April 2, 2024. “Alberto will be an outstanding president and CEO of the St. Louis Fed,” said St. Louis Fed Director Carolyn Chism Hardy, president and CEO of Chism Hardy Investments LLC in Bartlett, Tenn., and deputy chair of the Bank’s search committee. “As an experienced economist, former Federal Reserve leader, collaborator and communicator, he comes with the exceptional technical expertise and leadership abilities needed to contribute to effective policymaking and advance a large organization in service to the public. Alberto is a mission-focused leader, and I am confident he will work tirelessly to promote a healthy economy for all in representing the diverse views of the constituents across the Fed’s Eighth District.” Musalem has more than 27 years of public and private sector experience in economic policy, finance and markets. Most recently, he was CEO, co-chief investment officer and co-founder of Evince Asset Management, a quantitative investment technology company. Prior to Evince, he was executive vice president and senior advisor to the president at the Federal Reserve Bank of New York, where he was head of integrated policy analysis, international affairs and a member of the Bank’s Management Committee. Prior to the New York Fed, he was managing director, partner and global head of research at Tudor Investment Corp post: The next president of the St. Louis Fed will be Alberto Musalem, an economist and former senior adviser at the New York Fed who spent much of his career in finance. Musalem was research director for 13 years at Tudor and co-founded a quant macro fund. https://t.co/pNUxFVD689
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- Posted: Jan 4, 2024 10:34am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,882
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