News

Rogers, Senior Deputy Governor of the Bank of Canada: The data looks good, but Canadians may still be feeling stressed.

Caroline Rogers, Senior Deputy Governor of the Bank of Canada: Households have been cautious.

U.S. Treasury Department: The United States has removed 76 names from its sanctions blacklist, a move aimed at increasing focus on high-risk targets.

Fed's Mussallem: Risks are now more on the inflation side.

Fed's Mussallem: If these scenarios do occur and inflation declines, interest rates could be considered.

Fed Musallem: In the second half of the year, we may also see a slowdown in economic growth.

Fed's Moussalem: If inflation doesn't come back down in the next 1-2 quarters, that would worry me.

Fed's Mussallem: There are situations where the economy may need to raise interest rates.

Fed's Mussallem: We believe inflation risks may not converge to the target as we hope.

Fed's Mussallem: Base case outlook is that inflation will take longer to fall back to target.

U.S. Treasury Secretary Bessent: All countries should resolutely reject any actions by Iran that undermine the free flow of trade. Iran’s days of terrorizing the region and the world are over.

U.S. Treasury Secretary Bessant: The United States will not tolerate the toll system in the Strait of Hormuz; Oman should know that the U.S. Treasury Department will take action against relevant participants.

EIA natural gas inventories in the United States for the week to May 22 were 92 billion cubic feet, expected to be 95 billion cubic feet, and the previous value was 101 billion cubic feet.

U.S. stock indexes rose rapidly, with the Dow turning higher during the day, and the S&P 500 and Nasdaq rising about 0.3%, hitting intraday highs.

Federal Reserve's Mossala: Inflation is significantly above target, and expectations are rising.

Federal Reserve's Mussaleam: A better policy is to curb demand and inflation.

Federal Reserve's Mussalim: Higher real interest rates should be addressed through interest rate hikes.

Federal Reserve Chairman Mussalim: It is currently impossible to determine whether the United States is in a period of high productivity growth.

Microsoft (MSFT.O) rose 3.6% on news that the company will release a new coding model next week.

The Bank of Canada: The vulnerabilities of Canada's financial system "appear to be manageable."