23:50:58
Fed Chairman Powell: I think we can achieve a soft landing.
23:50:50
Fed Chairman Powell: These conditions are very attractive and we want to continue to see these conditions.
23:50:27
Fed Chairman Powell: Inflation has dropped significantly.
23:49:43
Fed Chairman Powell: There is no reason to believe the economy is at or at risk of a significant near-term recession. I think a recession is unlikely at this time.
23:48:57
Fed Chairman Powell: What we have seen so far this year is continued solid growth.
23:46:50
Fed Chairman Powell: Pay close attention to the derivatives part of capital rules.
23:45:31
Bank of Canada Governor Macklem: We will probably not reach the 2% inflation target this year.
23:44:23
Brent crude oil rose by 2% during the day and is currently trading at $83.38 per barrel.
23:43:36
USD/CAD fell 0.50% on the day and is now at 1.3523. The governor of the Bank of Canada previously said it was too early to consider cutting interest rates.
23:40:14
Fed Chairman Powell: Days of bank capital rule reform could lead the Fed to reconsider long-term debt.
23:35:16
U.S. Senate Majority Leader Schumer: The House of Representatives will pass the spending bill with bipartisan support.
23:34:37
Fed Chairman Powell: We need to evaluate the impact of the Basel III proposal on other regulatory rules.
23:32:41
Spot palladium surged 10.00% during the day and is now trading at $1,044.00 per ounce.
23:32:23
Fed Chairman Powell: Housing services inflation is expected to decline.
23:32:05
EIA report: U.S. Strategic Petroleum Reserve (SPR) inventories increased by 706,000 barrels in the week of March 1 to 361 million barrels, an increase of 0.2%.
23:32:04
EIA report: Commercial crude oil inventories excluding strategic reserves increased by 1.367 million barrels to 449 million barrels, an increase of 0.31%.
23:32:01
WTI crude oil rose nearly $0.4 in the short term to $79.41 per barrel.
23:32:00
EIA report: U.S. domestic crude oil production decreased by 100,000 barrels in the week of March 1 to 13.20 million barrels per day.
23:31:58
EIA report: The four-week average supply of U.S. crude oil products was 19.499 million barrels per day, a decrease of 1.25% from the same period last year.
23:31:55
EIA report: In the week of March 1, the United States imported 7.222 million barrels/day of commercial crude oil excluding strategic reserves, an increase of 837,000 barrels/day from the previous week.