News

According to ABC News, British police say a senior U.S. Army officer has been arrested in the UK on suspicion of assisting Russian intelligence.

According to Punchbowl: Republicans in the U.S. House of Representatives have elected Jim Jordan as the party leader for the next Congress.

According to the Globe and Mail, Rio Tinto (RIO.N) is cutting dozens of jobs at its Quebec processing plant due to declining lithium demand.

According to the New York Times: Nvidia (NVDA.O) has hired Wachtell Lipton to investigate its CEO's extramarital affair.

Federal Reserve's Schmid: Strong demand means interest rates are not a reason to hesitate.

Jared Kushner, Trump's son-in-law: (Regarding the Abu Dhabi talks) We are encouraged by today's constructive discussions. Under the direction of President Trump, we are committed to ending this devastating war and establishing the necessary security arrangements to achieve a sovereign, secure, and prosperous Ukraine, and lasting peace in Europe.

Federal Reserve's Schmid: Inflation is the primary concern.

Federal Reserve's Schmid: U.S. hiring has been quite strong recently.

Federal Reserve's Schmid: You could say the housing sector is experiencing an "interesting dynamic," but there are no other constraints.

Federal Reserve's Schmid: Last year, he did not believe interest rates were restrictive, but he considered current interest rates to be quite loose.

Federal Reserve's Schmid: Amid overall energy factors, prices have shown some worrying trends.

According to Al-Jerusalem, the Qatari Prime Minister told G7 foreign ministers in Paris that Doha has secured at least two weeks to advance diplomatic negotiations between the US and Iran in order to avoid a new round of US military strikes against Iran.

Bank of Canada meeting minutes: Rising cost pressures will eventually be reflected in core inflation indicators.

Bank of Canada meeting minutes: The Governing Council acknowledged that inflation expectations may have become more sensitive to recent price changes.

Bank of Canada meeting minutes: The Governing Council agreed that a careful assessment is needed of how economic conditions will affect the outlook.

Bank of Canada meeting minutes: The risks of inflation becoming persistent and widespread have shifted.

Bank of Canada meeting minutes: The inflationary consequences of the pandemic are "still fresh in our minds".

Bank of Canada meeting minutes: Further interest rate hikes may be necessary, with a commitment to proceed "on a meeting-by-meeting" basis.

Bank of Canada meeting minutes: Increased uncertainty "does not mean" policy inaction.

Bank of Canada meeting minutes: Agreed to proceed cautiously on further interest rate hikes.