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- Submitted May 28, 2026|From bankofcanada.ca

Good morning. Deputy Governor Toni Gravelle and I are pleased to be here to discuss the Bank of Canada’s Financial Stability Report, or FSR. A stable and efficient financial system is essential to our economy. It supports growth and helps households ...
- Submitted May 28, 2026|From bankofcanada.ca

Canada’s financial system has continued to function well despite US tariffs and trade uncertainty. But a more turbulent global environment poses risks to financial stability, particularly if several vulnerabilities crystalize at the same time. The Canadian financial system continues to be resilient. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system. Valuations of many financial assets have continued to rise, increasing the risk of a sudden correction. At the same time, global sovereign debt issuance is growing, and hedge funds have increasingly absorbed this debt in recent years. Individually, these vulnerabilities are manageable. But with increased economic and geopolitical risks, it is more likely a new shock or a combination of shocks could cause multiple vulnerabilities to crystalize at once. If this were to happen, these vulnerabilities could interact and reinforce each other. In the extreme, a cascading series of events could cause a sharp loss of investor confidence. This could lead to liquidity hoarding or rapid asset sales, putting pressure on core funding markets. Stress could then spread across the financial system and the broader economy. Just in | BoC Financial Stability Report Highlights Elevated Risks Yet Affirms Resilience of Canadian Financial System. BOC SAYS NEW SHOCKS MAY EXPOSE SEVERAL VULNERABILITIES AT ONCE. A SERIES OF EVENTS COULD LEAD TO A SIGNIFICANT DROP IN INVESTOR CONFIDENCE AND AFFECT MAIN FUNDING MARKETS, ACCORDING TO BOC.
- Submitted May 28, 2026|From census.gov

With this release, seasonally adjusted estimates of housing units sold, housing units for sale, and the months' supply of new housing have been revised back to January 2021. All revised estimates are available on our website. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2026. Sales of new single-family houses in April 2026 were at a seasonally-adjusted annual rate of 622,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent (±12.8 percent)* below the March 2026 rate of 663,000, and is 11.3 percent (±11.5 percent)* below the April 2025 rate of 701,000. Biggest monthly jump in median new home sales price since 2019: up 8% from $391.1K in March to $422.5K in April pic.twitter.com/96u22k05mm
- Submitted May 28, 2026|From dailyforex.com

This is a market that has an even larger consolidation area between $70 and $90, but currently we are tightening up. And that makes a bit of sense considering that this is a market that is starting to really try to determine whether or not we will ...
- Submitted May 28, 2026|From fxleaders.com

After a 3.99% multi-session liquidation phase in Bitcoin, the leading cryptocurrency by market cap is at $73,301.00. Bitcoin is now at a new six-week low, and it has broken important, internal technical levels on its intraday charts due to ...
- Submitted May 28, 2026|From @LiveSquawk|2 comments

Fed's Williams: Middle East War Impacts Consumer Spending Amid Higher Energy Costs - Hit To Inflation Likely To Peak In Next Few Months - Tariff Impact Should Peak In Next Few Months - Near Term, Inflation Around 4% And Core Inflation Around 3% Fed's Williams: Anchoring inflation expectations is critical. Fed's Williams: Monetary policy needs to be data dependent. WILLIAMS: FED MUST BE CLEAR IT IS GETTING INFLATION TO 2% WILLIAMS: PATH FOR MONETARY POLICY DEPENDS ON DATA, OUTLOOK AND RISKS
- Submitted May 28, 2026|From cnbc.com

Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal consumption expenditures price index increased a ...
- Submitted May 28, 2026|From newyorkfed.org|1 comment

Thank you for the opportunity to speak today. I’d like to discuss one of the most fundamental challenges we face as economic policymakers: understanding structural economic change as it happens. There are many types of structural change that create such a challenge, including changes in the famous star variables like the natural rates of unemployment and interest. But today, I’ll focus on shifts in the trend rate of productivity growth. I’ll boil this topic down to a simple two-part question: how does the economy respond to a shift in the rate of productivity growth, and what does it mean for monetary policy? It may seem like a basic question that should have been long settled by now. But the further you delve into trying to answer it, the more nuanced it becomes. This question is especially timely today because of all the attention on artificial intelligence and its potential to spur a productivity boom. But this is not our first productivity growth rodeo. Thankfully, history provides important lessons for us to learn from. Think back to the 1970s, when the United States experienced a pronounced productivity slowdown following a quarter century of remarkable postwar growth. This was followed by an acceleration beginning in the mid-1990s, which itself reversed in the mid-2000s. These episodes weren’t minor statistical curiosities—they fundamentally reshaped the macroeconomic landscape. The productivity slowdown of the 1970s contributed to stagflation. And the productivity boom of the late 1990s and early 2000s was a contributing factor to that decade’s economic prosperity with low in Fed's Williams does not comment on near-term monetary policy outlook.
- Submitted May 28, 2026|From breakingthenews.net|2 comments

Durable goods orders in the United States surged by 1.9% in April to reach $346 billion, the US Census Bureau reported on Thursday. The figure marked a jump from March's revised increase of 1.3%. Transportation equipment led the increase, soaring ...
- Submitted May 28, 2026|From dol.gov

In the week ending May 23, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 209,000 to 210,000. The 4-week ...
- Submitted May 28, 2026|From bea.gov|10 comments

Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2026 (January, February, and March), according to the second estimate released today by the U.S. Bureau of Economic Analysis. In the fourth quarter ...
- Submitted May 28, 2026|From bea.gov|53 comments

Personal income decreased less than $0.1 billion (less than 0.1 percent at a monthly rate) in April, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal ...
- Submitted May 28, 2026|From statcan.gc.ca

Canada's current account deficit (on a seasonally adjusted basis) widened by $6.2 billion to $7.2 billion in the first quarter. This widening of the deficit reflected a reduction in the investment income surplus, as well as an increase in the trade ...
- Submitted May 28, 2026|From oilprice.com

Two weeks ago, U.S. President Donald Trump paid a visit to Beijing for a high-level summit with Chinese leader Xi Jinping, with a view to stabilizing bilateral trade, securing new business deals, and seeking China's diplomatic leverage to help ...
- Submitted May 28, 2026|From ecb.europa.eu

For centuries, central banks have issued money and safeguarded its value. That mandate has not changed. What has changed is the technological environment around it. Consumers increasingly pay digitally, financial institutions explore new ...
- Submitted May 28, 2026|From ecb.europa.eu

Ms Schnabel started her presentation by noting that since the Governing Council's previous monetary policy meeting on 18-19 March 2026, movements in euro area financial markets had continued to be driven by developments in the Middle East and their impact on energy prices. Amid elevated volatility, markets continued to expect the oil price shock to be persistent. Although upside risks had moderated, oil was priced significantly higher, over an extended period of time, than it had been before the start of the war in the Middle East. As a result, markets continued to price in a notable and sustained inflationary impact. Inflation fixings had increased further for both 2026 and 2027. This suggested that investors anticipated some indirect or second-round effects extending beyond the first year of the conflict, before inflation was expected to return to the target of 2% in 2028. At the same time, markets continued to expect the economy to be relatively resilient. Prices of risk assets, including equities, as well as sovereign and corporate bond spreads, and the exchange rate of the euro had moved back towards the levels observed prior to the conflict. Earnings expectations had been revised up since the beginning of the war, which was consistent with the view that the impact on economic growth would be short-lived. At the same time, there had been negative surprises in macroeconomic data for the euro area. Therefore, buoyant risk asset markets, which were hovering near all-time highs, might indicate some investor complacency given the size and persistence of the energy price shock. With inflation still perceived as the dominant risk, investors were pricing in cumulative policy rate hikes by the ECB of 73 basis points in 2026. Overall, financial conditions had eased since the Governing Council’s previous monetary policy meeting, driven mainly by strong risk asset markets, but they remained somewhat tighter than before the war. ECB ACCOUNTS: UPSIDE RISKS TO INFLATION AND DOWNSIDE RISKS TO GROWTH HAD INTENSIFIED. ECB ACCOUNTS: WEAKNESS COULD PERSIST WELL BEYOND THE END OF THE CONFLICT Just in | ECB Reports: Consumer side shows no signs of second-round effects as wage negotiations are yet to occur. ECB REPORT SHOWS IT'S STILL TOO EARLY TO SEE SECOND-ROUND EFFECTS ON CONSUMERS, AS WAGE NEGOTIATIONS ARE REQUIRED. ECB MEMBERS MIGHT HAVE SUPPORTED HIGHER RATES.
- Submitted May 28, 2026|From startrader.com

Gold has been facing renewed selling pressure that pushed prices below $4,400. The bearish momentum is also supported by the alignment of the moving averages, where the short term MA5 remains below the MA10 and the longer-term MA20. Moving forward, ...
- Submitted May 28, 2026|From puprime.com

The cryptocurrency market experienced a sharp downturn in the recent session, with Bitcoin (BTC) sliding below the $74,500 mark amid heightened volatility and cascading liquidations. This decline reflects broader risk-off sentiment across global ...
- Submitted May 28, 2026|From @financialjuice|53 comments

US: Iran missile fired toward Kuwait was intercepted, this was an egregious ceasefire violation by Iran. At 10:17 p.m. ET on May 27, Iran launched a ballistic missile toward Kuwait that was successfully intercepted by Kuwaiti forces. This egregious ceasefire violation by the Iranian regime occurred hours after Iranian forces launched five one-way attack drones that posed a clear…
- Submitted May 28, 2026|From @MarketsCapApp|13 comments

Just in | Iran's Khamenei Accuses Enemies of Fostering Division Within the Nation.