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1.16951
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Gold
4687.40
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97.104
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157.917
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1.35077
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213.314
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Real-time News
Mexican President Sinbaum: The trade agreement with the EU will not affect the USMCA.On May 14th, data released by the U.S. government on Thursday showed that U.S. business inventories recorded their largest increase in nearly four years in March, driven by a rise in wholesale inventories. The data showed that business inventories rose 0.9% month-over-month in March, the largest increase since June 2022, exceeding market expectations of 0.8% and following a 0.4% increase in February. Year-over-year, business inventories rose 2.0% in March. The U.S. government estimated last month that business inventories contributed 0.40 percentage points to the annualized GDP growth rate in the first quarter. The U.S. economy grew at an annualized rate of 2.0% in the first quarter, compared to 0.5% in the October-December quarter of last year. Component data showed that retail inventories rose 0.6% in March, after remaining flat in February; wholesale inventories surged 1.3%; and manufacturer inventories rose 0.6%.According to the Wall Street Journal, the Indian Ministry of External Affairs stated that the ongoing attacks on merchant ships are "unacceptable."On May 14th, Federal Reserve Chairman Schmid stated that inflation remains the biggest risk to the U.S. economy, although the economy has shown "remarkable resilience" in the face of numerous challenges, and the labor market remains generally stable. In prepared remarks at a banking conference hosted by the Kansas City Fed, Schmid said, "I believe that persistent inflation is the most pressing risk to the economy right now. While inflation has fallen significantly from its peak, it is clear from my conversations with business leaders in the 10th District that inflation remains excessively high." Schmid added, "Despite the many challenges facing the U.S. economy, it has also shown remarkable resilience. Geopolitical uncertainty continues. While the U.S. is less vulnerable to global energy disruptions than in the past, higher oil prices will still weaken household spending and push up business costs. However, even with these headwinds, the fundamentals of the U.S. and the 10th District economies remain robust."On May 14th, Canada unveiled a C$1 trillion strategy to double the countrys grid capacity by 2050, citing rapidly growing electricity demand and rising energy security needs. As part of this strategy, the Canadian government plans to amend clean electricity regulations to allow for greater use of credible carbon offsets and provide existing natural gas generators with greater operational flexibility to maintain grid stability and power supply reliability.
