Cue the drama music....
McCarthy Says He Sees Debt Limit Deal on House Floor Next Week
*McCarthy Says He Sees Debt Limit Deal on House Floor Next Week— *seven (@sevenloI) May 18, 2023
Added at 10:25am
*McCarthy: I Can See Now Where a Deal Can Come Together— *seven (@sevenloI) May 18, 2023
Added at 10:26am
*McCarthy: Important to Have Agreement in Principle This Weekend— *seven (@sevenloI) May 18, 2023
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If you look at the rallying global equity markets, investors are evidently very optimistic about the US debt ceiling negotiations and not too worried about the slowdown in China. ...
Existing-home sales decreased in April, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year sales ...
A stable and efficient financial system is essential for sustaining economic growth and raising standards of living. In the Financial System Review, the Bank of Canada identifies the key sources of concern for the financial system in Canada and explains how they have evolved over the past year. The structure of the Financial System Review is undergoing a series of changes to more clearly communicate the risks to financial stability. For 2023, the Bank is no longer discussing financial system vulnerabilities and risks separately; these are now combined under several key areas of concern. This approach reduces repetition, improves readability and allows for a more concise and direct analysis of the nature and level of risk. In short, it allows the Bank to take a more deliberate look at what could go wrong and what the implications would be for financial stability. Another key change is removing from the publication the discussion of issues related to the efficiency of the financial system. These issues will be covered through regular postings to tweet at 10:03am: Bank Of Canada’s FSR: Recession Could Mean 'Sizable' Mortgage Losses For Banks -Recent Homebuyers Show Greater Signs Of Financial Stress -Regional Bank Turmoil Had Limited Spillover
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Natural-gas futures climbed sharply Thursday after the U.S. Energy Information Administration reported on a slightly smaller-than-expected weekly rise in domestic natural-gas ...
Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers answer reporters’ questions following the release of the Financial System Review.
tweet at 11:12am: BOC'S GOV. MACKLEM: I EXPECT INFLATION TO CONTINUE COMING DOWN IN LINE WITH FORECASTS. tweet at 11:13am: BoC’s Macklem: April CPI Data Were Stronger Than Expected, Food Price Inflation Much Too High tweet at 11:14am: BoC’s Macklem: Using Pause to See Whether We’ve Raised Rates Enough tweet at 11:15am: BOC'S GOV. MACKLEM: THE JUNE RATE DECISION WILL BE GUIDED BY ECONOMIC DATA. tweet at 11:16am: BoC’s Macklem: Far Too Early to Be Thinking of Interest Rate Cuts