News

According to Interfax: The Kremlin said Russia agreed to Trump’s ceasefire plan for May 9-11; Russia also agreed to a prisoner exchange.

Fed Goolsby: The Fed's balance sheet can shrink, but it's unclear whether it must shrink.

Fed Goolsby: Willing to consider Warsh's suggestions on adjusting the Fed's communication strategy.

Fed Goolsby: Stagflation shock is one of the most difficult situations for the Fed to deal with.

Fed Goolsby: When price pressures intensify, we must pay attention to the inflation rate.

Fed Goolsby: It's wrong to think that the only thing the Fed has in front of it is an interest rate cut.

Fed Goolsby: Inflation is 'a hot topic right now'.

Fed Goolsby: Positive developments on inflation will lead to interest rate cuts, but they haven't happened yet.

U.S. President Trump: This ceasefire request was made directly by me, and I am very grateful to Russian President Putin and Ukrainian President Zelensky for agreeing to this.

US President Trump: Negotiations are continuing and the goal of ending this major conflict is getting closer.

US President Trump: The ceasefire will include the suspension of all military operations and the exchange of 1,000 prisoners from each country.

US President Trump: There will be a three-day ceasefire in the war between Russia and Ukraine on May 9, 10 and 11.

Bank of Canada: Canadian ports are facing throughput bottlenecks.

Bank of Canada: The role of Canadian ports in global shipping networks has deteriorated.

Bank of Canada Governor MacCallum: We are not investing enough in transportation and moving goods.

US State Department: Negotiations between Israel and Lebanon will focus on border demarcation.

U.S. State Department: The United States looks forward to the Israel-Lebanon negotiations moving in the direction of establishing a comprehensive security and peace framework.

Replimune Group shares rose 21% on news that U.S. President Trump is planning to fire U.S. Food and Drug Administration (FDA) Commissioner Marty Macari.

U.S. State Department: The United States will facilitate two days of intensive talks between the Israeli and Lebanese governments on May 14 and 15.

The Fed accepted a total of $787 million from five counterparties in fixed-rate reverse repurchase operations.