Economy

Bank of Canada staff hold Canada neutral-rate estimate; U.S. range raised on productivity, AI

Bank of Canada staff keep Canada's nominal neutral rate at 2.25–3.25% while raising the U.S. estimate to 2.50–3.50% on stronger productivity and AI.

#canada, #neutralrate, #bankofcanada, #ai

Kevin Warsh sworn in as Federal Reserve chair at White House ceremony

Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.

#fed, #federalreserve, #kevinwarsh, #inflation

Fed minutes reveal sharp split over signaling near-term rate cuts

April Fed minutes show an 8-4 vote to hold rates and a sharp split over whether to signal openness to future cuts as inflation and energy risks persist.

#fed, #interestrates, #inflation, #monetarypolicy

Senate Confirms Kevin Warsh as Federal Reserve Chair; Treasury Yields Jump

Senate confirmed Kevin Warsh as Fed chair 54-45, sending Treasury yields higher and cutting odds of a June rate cut amid hotter inflation data.

#federalreserve, #interest_rates, #kevin_warsh, #treasury_yields

Court Rules Trump’s 10% Tariff Exceeded Statutory Authority, Limits Relief to Plaintiffs

May 7 court ruling finds President Trump exceeded Section 122 authority for a 10% tariff, but injunction and refunds apply only to the plaintiffs who sued.

#trade, #tariffs, #judiciary, #tradepolicy

U.S. Inflation Eases Monthly but Annual Rate Rises to 3.8% as Shelter and Gasoline Push Prices Up

Consumer prices rose 0.6% in April; annual inflation accelerated to 3.8% as gasoline and shelter drove gains, while core CPI rose 2.8%.

#inflation, #cpi, #consumerprices

Macklem says Bank of Canada could raise or cut rates if U.S. trade curbs or oil-driven inflation shift outlook

Bank of Canada Gov. Tiff Macklem warned rates could rise or fall: cuts if U.S. trade curbs dent growth, hikes if sustained oil-driven inflation spreads. Rate held at 2.25%.

#canada, #bankofcanada, #inflation, #interestrates

U.S. Economy Expands 2.0% in Q1 2026 as Inflation Remains Elevated

Advance BEA estimate: U.S. GDP rose 2.0% annualized in Q1 2026, with core PCE at 4.3% — keeping inflation and Fed policy center stage.

#economy, #gdp, #inflation, #federalreserve

ECB Holds Rates Steady but Warns Energy Shock Has Raised Inflation Risks

ECB keeps key rates unchanged and flags heightened upside inflation and downside growth risks after Middle East-driven energy price spike.

#ecb, #interest-rates, #inflation, #eurozone

Cross-border Bank Credit Surges 11% in 2025, Fastest Annual Growth Since 2008, BIS Says

BIS data show cross-border bank credit rose 11% in 2025 to $38.1tn — the fastest annual gain since Q1 2008 — led by dollar and euro lending.

#economy, #bis, #crossbordercredit, #emergingmarkets

Bank of Japan Holds Rate at 0.75% as Vote Reveals Sharper Split on Further Tightening

The BOJ kept its policy rate at 0.75% on April 28, but a 6-3 vote exposed growing support among board members for higher rates.

#japan, #bankofjapan, #monetarypolicy, #inflation

Canada Announces C$25 Billion "Canada Strong Fund" as First Federal Sovereign Wealth Vehicle

Prime Minister Mark Carney unveils the Canada Strong Fund, a C$25 billion federal investment vehicle to back energy, minerals, agriculture and infrastructure.

#canada, #sovereignwealth, #investment

Bank of Korea Governor Hyun Song Shin Outlines Four‑Point Agenda Emphasizing Prudence, Stability and CBDC Expansion

In his inaugural address, Bank of Korea Governor Hyun Song Shin set a four‑part agenda: prudent, flexible policy; stronger financial‑stability monitoring; boosting the won in digital payments; and deeper research on Korea’s structural challenges.

#bankofkorea, #monetarypolicy, #cbdc, #won

Hyun Song Shin Confirmed as Bank of Korea Governor After Parliamentary Approval

The BIS congratulated Hyun Song Shin after South Korea’s National Assembly committee adopted his confirmation, marking his return from the BIS to lead the Bank of Korea.

#bankofkorea, #centralbank, #hyunsongshin, #monetarypolicy

Canada inflation accelerates to 2.4% in March as gasoline surge lifts headline rate

Canada’s annual inflation rose to 2.4% in March as a record monthly gasoline price jump pushed up energy costs, while core measures stayed near 2%.

#canada, #inflation, #bankofcanada, #gasoline