FED'S WILLIAMS: BALANCE SHEET NOW IN STEADY AS SHE GOES MODE
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FED'S WILLIAMS: WE'RE ROUGHLY IN THE RANGE OF AMPLE RESERVES
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FED'S WILLIAMS: THERE ARE PARTS OF THE BALANCE SHEET MOVING AHEAD ORGANICALLY AND WE'RE JUST MEETING THAT DEMAND
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US FORCES HAVE REDIRECTED 2 VESSELS SINCE IRAN BLOCKADE START
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Since restarting the naval blockade against Iranian ports 17 hours ago, U.S. forces have redirected 2 commercial vessels attempting to run the blockade. The U.S. military remains vigilant and prepared to ensure full compliance.
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DOW JONES UP 35.27 POINTS, OR 0.07 PERCENT, AT 52,543.54 AFTER MARKET OPEN

NASDAQ UP 152.15 POINTS, OR 0.58 PERCENT, AT 26,259.15 AFTER MARKET OPEN

S&P 500 UP 28.28 POINTS, OR 0.37 PERCENT, AT 7,571.87 AFTER MARKET OPEN
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U.S.-LISTED SHARES OF ALIBABA RISE 5.7% AFTER REPORT CO'S QWEN AI TO BE INTEGRATED INTO APPLE INTELLIGENCE IN CHINA
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CANADA BOC INTEREST RATE DECISION ACTUAL: 2.25% VS 2.25% PREVIOUS; EST 2.25%
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BOC MPR ASSUMES PRICE OF BRENT WILL DECLINE TO AROUND $70 BY END-2027, SAYS OUTLOOK FOR OIL PRICES REMAINS HIGHLY UNCERTAIN
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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%) || ANNUALIZED Q2 GDP SEEN AT 2.5% (VS 1.5% IN APRIL), 1.5% IN Q3 || 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%)
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BOC: Q2 OUTPUT GAP IS ESTIMATED TO BE IN RANGE OF -1.5% TO -0.5%, UNCHANGED FROM APRIL MPR || POTENTIAL OUTPUT GROWTH IN 2026 SEEN AT 1.1% (VS 1.2% IN APRIL) || NOMINAL NEUTRAL INTEREST RATE IS ASSUMED TO BE AT THE MIDPOINT OF ESTIMATED 2.25% TO 3.25% RANGE, UNCHANGED FROM APRIL
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BOC MPR ASSUMES USMCA TRADE DEAL WILL REMAIN IN PLACE WITH ANNUAL REVIEWS, ASSUMES SHIPPING THROUGH HORMUZ STRAIT GRADUALLY RETURNS TO NORMAL
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BANK OF CANADA GOVERNOR TIFF MACKLEM SAYS INFLATION IS POISED TO EASE GRADUALLY PROVIDED GLOBAL OIL PRICES DECLINE, PREPARED REMARKS SHOW
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MACKLEM: DATA WE HAVE RECEIVED SINCE APRIL HAVE INCREASED OUR CONFIDENCE THAT THE ECONOMY IS WORKING ITS WAY THROUGH PERIOD OF GLOBAL UPHEAVAL
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MACKLEM: LONGER TERM INFLATION EXPECTATIONS REMAIN WELL ANCHORED
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MACKLEM: BIGGEST RISKS ARE CONFLICTS WITH THE MIDDLE EAST AND TRADE RELATIONSHIP WITH THE US
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BOC SAYS UNCERTAINTY IS STILL HIGH
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BOC SAYS RECENT INDICATORS POINT TO CONTINUED SOLID CONSUMER SPENDING
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BOC SAYS SOURCES OF ECONOMIC GROWTH APPEAR TO BE BROADENING
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BOC SAYS CANADA’S ECONOMY IS SHOWING SIGNS OF IMPROVEMENT
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BOC SAYS CANADA’S ECONOMY IS SHOWING SIGNS OF IMPROVEMENT
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