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Real-time News
Federal Reserve Governor Waller: I am not worried about the dollar losing its reserve currency status and it still enjoys the trust of all parties.On April 18, Bank of Canada Governor John Macklem stated that he expects inflation to accelerate in March, but likely remain below 3%. He also noted that officials will closely monitor medium- to long-term inflation expectations when deciding whether to raise interest rates. Macklem said, “The central bank doesn’t want to act too early, raise rates, and drag down growth, especially when growth is already weak. On the other hand, you don’t want to act too late and let inflation take hold and become entrenched.” Statistics Canada is scheduled to release March inflation data next Monday. A few hours later, the Bank of Canada will release its quarterly survey, measuring business and household sentiment, which will provide the first clue to inflation expectations. Macklem said he is not too worried about higher short-term inflation expectations, which will be sensitive to the sharp rise in energy prices stemming from the conflict with Iran. “That’s what would really worry us if businesses and households weren’t confident that inflation would return to 2% in the medium term,” Macklem said. Bank of Canada officials expect the energy price increases to not quickly transmit and push up the prices of other goods and services. Unlike the early part of this decade when inflation reached a 40-year high after the COVID-19 pandemic, overall inflation was below 2% before the Iran war. In addition, core price increases have slowed, and the countrys economy has spare capacity, which should limit price increases.Federal Reserve Governor Waller: Scenario analysis is crucial for central bank officials.April 18th - According to a source familiar with the matter, Cursor, a leading startup in the field of artificial intelligence programming, is in advanced talks with investors to raise approximately $2 billion in a new funding round, which would value the company at over $50 billion (excluding this round of investments). The source stated that existing investor Andreessen Horowitz will co-lead this round. Two other sources indicated that Nvidia also plans to participate in the funding round. One source stated that Thrive Capital is also in talks to participate.Federal Reserve Governor Waller: The low hiring and low layoffs in the job market are partly related to businesses response to tariffs.
