Regular gasoline prices jump 33 cents in one week ahead of summer driving season.
Regular gasoline prices have increased by 33 cents in a single week, impacting consumers ahead of the summer driving season.
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Bank of Canada official signals potential for back-to-back interest rate hikes as energy prices drive inflation concerns. Canadian government bonds fall following the announcement.
The Bank of Canada has signaled the possibility of consecutive interest rate increases if rising energy costs drive broader inflation, leading to a decline in Canadian government bond prices.
Alphabet reports Q1 revenue of $109.9 billion, beating analyst expectations of $107.2 billion. Google Cloud revenue grew 63% to $20 billion, while net income rose 81% to $62.58 billion.
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Fed Chair Powell says there is no rush to adjust policy language, noting that economic data over the next 30 to 60 days could alter the outlook. Powell added that the most recent policy vote was closer than the one held in March.
Federal Reserve Chair Jerome Powell stated there is no immediate urgency to adjust policy language, noting that economic developments over the next 30 to 60 days could shift the outlook. Powell added that the latest policy decision was more closely contested than the previous one in March.
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