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The latest breaking news and the global financial events.
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[BOC] Macklem: We Are Getting Closer to a Rate Cut

We are getting closer to a rate cut. We just need to see it for longer to be confident that progress toward price stability will be sustained.

May 3rd Financial News

Bond traders bet on the Fed's first rate cut in November; Eurozone saw strong wage growth in Q1; Bank of Canada Governor Tiff Macklem says the central bank may start cutting rates soon...

[Fed] Powell's Press Conference Speech

Interest rates will not be cut until there is greater confidence that inflation is moving consistently towards our long-term target of 2%. In fact, we think it will take longer to gain that confidence.

[Fed] May Rate Decision: Recent Data Haven't Given the Fed Greater Confidence, Balance Sheet Runoff to Be Slowed from June

It will not be appropriate to reduce the target range for the federal funds rate until Fed officials have gained greater confidence that inflation is moving sustainably toward 2%. So far this year, the data have not given them that greater confidence.

May 2nd Financial News

EIA crude stocks surge, which is bearish for oil prices; the Federal Reserve leaves rates unchanged and will slow the pace of balance sheet runoff from June...

May 1st Financial News

WSJ's Timiraos writes that the Fed intends to keep rates high for longer; Global gold demand surged in the first quarter of this year; U.S. labor cost increase accelerated in the first quarter...

[Eurozone] Q1 GDP: Likelihood of Rate Cut in June Surges

Inflation in the services sector has remained at 4% since the beginning of the year, but this month marks the first decline, signaling a slowdown in potential price pressures and providing solid grounds for the ECB to cut rates in June.

[France] Q1 GDP: Increasing Possibility for Eurozone Recovery

The French economy accelerated its growth in the first quarter, with a series of data indicating an improving outlook for the Eurozone, thereby increasing the likelihood of a rate cut by the ECB in June.

[ECB] Guindos: Not Pre-committing to a Particular Rate Path

Although inflation is expected to fall to the 2% target next year, there are still more uncertainties and risks. Taking into account geopolitical tensions and their possible impact on the supply chain, risks to our growth outlook remain tilted to the downside.

April 30th Financial News

The U.S. Treasury raised its estimate for federal borrowing for the current quarter to $243 billion; Japanese authorities didn't clearly say whether they intervened in the market; oil prices edged down on ceasefire optimism in Gaza...

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