Submitted Jul 15, 2026|From @financialjuice

BoC's Gov. Macklem: The Canadian dollar weakness has not been a major factor in rate decisions. BoC's Gov. Macklem: I would not want to respond to a spike in inflation caused by rising oil prices that then came down.

Submitted Jul 15, 2026|From @RedboxWire|1 comment

WARSH SAYS INTEREST RATES SHOULD BE THE MAIN FOCUS OF MONETARY POLICY. WARSH WANTS POLICY CHOICES TO INFLUENCE BALANCE SHEET MANAGEMENT. Fed's Chair Warsh: Balance sheet should be as small as possible, and can expand when there's a crisis. Fed's Chair Warsh: I would like us to have a leaner, meaner balance sheet. FED CHAIR WARSH Q&A: DON'T WANT TO SHARE COMMUNICATIONS WITH TRUMP; WILL SHARE FUTURE NOTICES OF COMMUNICATIONS WITH TRUMP PER LAW; NO TRUMP PRESSURE ON MONPOL SO FAR #Warsh #FederalReserve #economy

Submitted Jul 15, 2026|From @financialjuice|1 comment

BoC's Gov. Macklem: Signs that the economy is expanding are clearer. BoC's Gov. Macklem: Exports adjusting to US tariffs and growing. BoC's Gov. Macklem: Q2 is looking pretty solid, will be assessing how sustainable the pickup is. BoC's Gov. Macklem: If oil prices do once again rise and feed into inflation, I expect to need consecutive rate hikes to keep inflation under control. BoC's Gov. Macklem: We're going to take our decisions one at a time.

Submitted Jul 15, 2026|From @blckchaindaily|6 comments

FED CHAIR WARSH: ONE-TIME CHANGE IN PRICES ISN'T NECESSARILY INFLATIONARY WARSH: WHETHER AI IS INFLATIONARY OR NOT WILL BE UP TO FED Fed's Chair Warsh: Business capital investment is contributing massively to GDP, and I would guess that trend continues. WARSH SUGGESTS ALL RESERVE BANKS SHOULD BUILD SPECIFIC AREAS OF EXPERTISE.

Submitted Jul 15, 2026|From @LiveSquawk|8 comments

Senior American official: The talks between the US, Israel, and Lebanon have concluded after two days of fruitful and positive discussions in Rome. We have agreed on the structure and guidelines for the regional pilot process, which will be finalized and implemented in the coming…

Submitted Jul 15, 2026|From bankofcanada.ca

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our quarterly Monetary Policy Report and today’s decision. Governing Council maintained the policy interest rate at 2.25%. We have three key messages. First, after stalling over the past year, economic growth looks to have resumed in Canada. While US trade policy continues to be a headwind, consumers have been resilient and businesses are adapting. Second, inflation in Canada is poised to ease gradually provided global oil prices decline from elevated levels. Third, uncertainty remains elevated. The conflict in the Middle East has re-escalated in recent days and trade discussions with the United States are ongoing. Let me expand on the outlook, the risks and the implications for monetary policy. Global growth has been dented by the conflict in the Middle East, but with oil prices coming part way back down, growth is expected to recover. Equity markets have been buoyant, and credit spreads remain compressed. Canada’s GDP growth was flat over the past year as the economy adjusted to new tariffs, elevated uncertainty and slower population growth. The economy remains in excess supply. The labour market has been soft, with the unemployment rate hovering in a range of 6½% to 7%. GDP growth in the second quarter is estimated to have picked up to 2½%. While this rebound from the first quarter largely reflects the unwinding of temporary factors, sources of economic growth appear to be broadening. Recent indicators point to continue BoC: Uncertainty is still high. MACKLEM: DATA WE HAVE RECEIVED SINCE APRIL HAVE INCREASED OUR CONFIDENCE THAT THE ECONOMY IS WORKING ITS WAY THROUGH PERIOD OF GLOBAL UPHEAVAL MACKLEM: WE WILL NOT LET HIGHER OIL PRICES BECOME PERSISTENT INFLATION #OOTT

Submitted Jul 15, 2026|From bankofcanada.ca

The Canadian economy has been adjusting to US tariffs and continued uncertainty about the review of the Canada‑United States‑Mexico Agreement, as well as slower population growth. Business investment has been roughly flat, exports and housing activity have declined and economic growth has been uneven. As a result, the level of gross domestic product was roughly unchanged from the first quarter of 2025 to the first quarter of 2026. The unemployment rate has generally fluctuated between 6½% and 7%, pointing to excess supply in the economy. Consumer price index inflation in Canada was close to the 2% target for more than a year and a half until the war in the Middle East began. The hostilities caused global oil prices to spike, pushing up gasoline prices. Inflation rose to 3.2% in May. However, inflation excluding gasoline, as well as measures of core inflation, stayed close to 2%. This suggests that, so far, spillovers to the prices of other goods and services remain contained. Canadian businesses are adapting to elevated geopolitical uncertainty stemming from US trade policy and developments in the Middle East. Despite some volatility, recent data suggest that the economy is evolving broadly in line with the outlook in the April Rep Bank of Canada sees 2026 growth at 0.7% (vs 1.2% in April MPR), sees 1.8% growth in 2027 (vs 1.6%), 1.8% in 2028 (vs 1.7%). BoC: Inflation to average 2.5% in 2026 (vs 2.3% in April), 2.0% in 2027 (vs 2.1%), 2.1% in 2028 (vs 2.0%). Just in | The Bank of Canada maintains its nominal neutral interest rate estimate at the midpoint of 2.25% to 3.25%, consistent with April's assessment.

Submitted Jul 15, 2026|From bankofcanada.ca

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties related to the war in the Middle East and US trade policy. Since the April Monetary Policy Report (MPR), global economic prospects have been dented by higher oil prices stemming from the Middle East conflict. At the same time, the build-out of artificial intelligence (AI) is supporting economic activity in a growing number of countries. Oil prices are still lower than their peak in April but the situation in the Middle East remains volatile. The path for global inflation is highly dependent on how the conflict unfolds. The US economy is growing at about 2½%, mostly because of strong consumption and booming AI investment. China’s economy is expanding solidly thanks to robust exports. Economic activity in the euro area has been weighed down by high energy prices, but is expected to strengthen in the second half of the year if energy prices come down as anticipated. The Bank projects global GDP growth will slow to 2¾% in 2026, mostly because of the effects of the Middle East conflict, and recover to around 3¼% in 2027 and 2028. Bank of Canada Governor Macklem: Inflation is poised to ease gradually, provided global oil prices decline, prepared remarks show. BoC: Near-term inflation expectations are sensitive to changes in gasoline prices, but longer-term inflation expectations remain well anchored. Bank Of Canada drops reference to consecutive hikes. BOC ALSO DROPS REFERENCE TO CUT

Submitted Jul 15, 2026|From @financialjuice|2 comments

Fed's Williams: Growth in the economy is solid and on trend, and the labor market is likewise solid and stable. FED'S WILLIAMS: EXPECT OVERALL INFLATION TO DECLINE TO AROUND 3.25% BY YEAR-END, CONTINUE TOWARD OUR 2% GOAL IN 2027 AND LAND ON TARGET IN 2028 || MEDIUM- AND LONGER-TERM INFLATION EXPECTATIONS REMAIN WELL ANCHORED FED'S WILLIAMS: INFLATION IS UNQUESTIONABLY TOO HIGH AT ABOUT 4% || ENCOURAGING REASONS TO EXPECT THAT INFLATION HAS PEAKED AND SHOULD EDGE DOWN IN COMING QUARTERS Stability of Thy Times Thank you, Steve, for that introduction. And thank you, Rob, for what will surely be a fantastic discussion. Today’s event is an example of a great partnership in action. The New York Fed and the Partnership for New York City both have missions that are focused on promoting economic prosperity and stability. We’ve enjoyed a strong and fruitful relationship over the years, sharing ideas, data, and resources with each other in an effort to better understand how New York City can be best positioned for long-lasting economic success. This has been especially true during times of disruption and uncertainty. That’s why this is such a fitting place for this discussion. When Rockefeller Center was built during the Great Depression, these words were chosen to be inscribed in stone: “Wisdom and knowledge shall be the stability of thy times.” If you didn’t see it on your way in, make sure to take a look on your way out. Or just rewatch the opening credits of 30 Rock.

Submitted Jul 15, 2026|From newyorkfed.org

Business activity picked up considerably in New York State in July, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index rose ten points to 15.6. New orders and shipments increased ...

Submitted Jul 15, 2026|From statcan.gc.ca

Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were essentially unchanged (-0.0%), with sales sitting at $90.0 billion in May, after rising 1.4% in April. In May, sales decreased in ...