Real-time News

Chevron (CVX.N) CEO: The conflict in Iran has led to a tightening of oil supply.

Federal Reserve's Williams: The United States will be less affected by energy shocks compared to other countries.

Chevron (CVX.N) CEO: The oil inventory buffer is being depleted.

Fitch Ratings: Canada relies on growth-driven revenue to keep its fiscal deficit stable.

Federal Reserve's Williams: We have not yet seen any signs that inflation has spread to the underlying trend.

Federal Reserve's Williams: Inflation persisting above target is clearly a key concern for central bank officials.

Federal Reserve's Williams: There is no "magic number" that indicates government debt will turn into a crisis.

Federal Reserve's Williams: Artificial intelligence is expected to drive higher productivity growth in the coming years.

On May 5th, European Central Bank (ECB) Governing Council member Jean-Claude Nagel stated that the ECB will need to raise interest rates in June unless the outlook for consumer prices improves significantly. He said that last week's decision not to tighten monetary policy to more clearly assess the impact of the war with Iran was a prudent move, but this "cautious wait-and-see attitude should not be misinterpreted as hesitation." He mentioned the ECB's latest forecasts to be released next month, along with more information on the situation in the Middle East, and stated that "if the inflation outlook in these forecasts does not improve significantly, this will support a rate hike," consistent with his remarks last week. Nagel stated, "We are aware of the risks to price stability and are ready to act. The Governing Council has demonstrated its ability to act decisively when necessary." Earlier that day, Governing Council member Kazmir held a similar position, stating that a rate hike was "almost inevitable." However, other officials were more cautious; Governing Council member Stournaras described the risk of a recession as "real." Nagel stated on Monday that the ECB cannot prevent a sharp rise in energy costs, but it can influence the medium-term price growth path. "The longer the conflict continues, the greater the risk of inflation remaining high if monetary policy does not take action."

Market news: Apple (AAPL.O) will allow users to create custom digital passes in the Wallet app.

Federal Reserve's Williams: The neutral interest rate (R-star) may be higher than recent lows.

Federal Reserve's Williams: Tariff-based inflation should slow down.

Federal Reserve's Williams: The Fed's responsibility is to ensure that inflation expectations remain stable.

Federal Reserve's Williams: A balanced labor market helps curb inflation.

Federal Reserve's Williams: We haven't seen much change in long-term inflation expectations, which is encouraging.

The Russian Ministry of Defense stated that if Ukraine attempts to disrupt Victory Day celebrations, it will launch a large-scale retaliatory missile attack on downtown Kyiv.

May 5 - According to a report by RIA Novosti on the evening of May 4, Russian President Vladimir Putin decided to announce a ceasefire during the upcoming Victory Day celebrations, which will take effect from May 8 to May 9.

Federal Reserve's Williams: The job market has performed well so far.