MIDEAST: Hamas Warn Of 'Long Battle' As Mediators Await Response To New Proposal

The Instant Answers questions that we have selected for the June FOMC statement and projections are as follows (due to be released at 1400ET Wednesday):

• Federal Funds Rate Range Maximum
• Number of dissenters on size of rate move
• Median Projection of Fed Funds Rate at End of 2025
• Median Projection of Fed Funds Rate at End of 2026
• Median Projection of Fed Funds Rate at End of 2027
• Median Longer Run Projection of Fed Funds Rate
• Number of 2025 Dots > 4.375%
• Number of 2025 Dots > 4.125%
• Number of 2025 Dots > 3.875%
• Number of 2025 Dots < 3.875%

French officials speak about new NATO spending targets ahead of a key summit.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

• Governor Tiff Macklem says Bank's next move depends heavily on the 30-day deadline for a U.S. trade deal, which comes before the next rate decision July 30. 
• "The prospect of a new Canada-US trade deal offers hope that tariffs will be removed. But until we have a deal, inflation will be affected by both US tariffs and Canadian counter-tariffs," he said in a speech Wednesday in St. John's, Newfoundland.  
• "We are proceeding carefully with monetary policy. We want to see through the noise to set policy that supports the economy while ensuring inflation remains low and stable for Canadians." 
• BOC says 75% of tariffs during the dispute in Donald Trump's first term were passed through to consumers. 
• BOC noted core inflation has been worse than expected. "As I have said before, we can’t let a tariff problem become an inflation problem," Macklem said. 
• BOC says job market weakening and exports dropped amid tariffs. 
• Macklem affirmed BOC's June 4 rate decision to hold key rate at 2.75% for a second time in a row following seven straight cuts since June last year. "Governing Council and I agreed there could be a need for a further reduction in the policy interest rate if the effects of US tariffs and uncertainty continued to spread through the economy and cost pressures on inflation were contained."