STIR: Trump Extends Paring Of Overnight Gains, Fed MPR Potentially At 1100ET
Jul-10 14:52
* US rates saw a brief step lower on the above Trump truth social post re the ceasefire still bein...
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BOC SAYS ECONOMY IS WEAK BUT NOT IN A CLEAR RECESSION
Jun-10 14:50
- BOC SAYS ECONOMY IS WEAK BUT NOT IN A CLEAR RECESSION
- MACKLEM SAYS MORE THAN HALF OF INDUSTRIES GREW YOY IN Q1
BOC: Macklem: Big Picture, Not A Great Deal Has Changed On Economic Outlook
Jun-10 14:49
Macklem addresses the GDP miss in Q1, putting a little more emphasis on the strength of domestic consumption in Q1 while saying "The miss was largely because there was an unexpected pullback in government spending" which he says can be "choppy" from one quarter to another. And "we do think growth will resume in the second quarter, we expect to see continued expansion of consumer spending. We think there'll be a little more stability in the housing market, so it won't be subtracting from growth."
- Overall Macklem says, "big picture, not a great deal really has changed since our last decision", and while he acknowledges that "the economy is weak", he adds "but it is not clearly in recession." "We have not seen a significant broad-based decline in economic activity. So... recession is not the word I would use".
BOC HASN'T SEEN BIG SURPRISES SINCE LAST DECISION
Jun-10 14:45
- BOC HASN'T SEEN BIG SURPRISES SINCE LAST DECISION
- MACKLEM SAYS WEAK GDP SHOWS SIGNS OF Q2 REBOUND
