US markets are jittery after inflation rises 5.4 percent – its fastest pace since 2008. San Francisco Federal Reserve President Mary Day tells CNBC that history suggests the current price hikes will be temporary. JPMorgan sees quarterly profit double, prompting the lender to release provisions, while Goldman Sachs enjoys its second-highest quarterly revenue ever. In Germany, VW has launched plans to transition to 50 percent EV sales by 2030.