BoC's Gov. Macklem: Improvement in the labour market is encouraging

BoC's Senior Dep. Gov. Rogers: What we don't want is prices coming down. BoC's Senior Dep. Gov. Rogers: BoC sees better balance in the housing market. BoC's Senior Dep. Gov. Rogers: We don't expect another surge in house prices.

*POWELL: GRADUAL LABOR MARKET COOLING JUSTIFIED RATE CUT TODAY Fed's Powell: We think there's a negative 20,000 in payrolls per month. ?*POWELL: WE THINK JOB GAINS OVERSTATED BY 60K IN RECENT MONTHS Fed's Powell: Evidence is growing that services inflation has come down, and goods inflation is entirely due to tariffs. Fed's Powell: Inflation has come in a touch lower.

*POWELL: LABOR MARKET SEEMS TO HAVE SIGNIFICANT DOWNSIDE RISKS POWELL: IF YOU GET AWAY FROM TARIFFS INFLATION IS IN THE LOW 2S POWELL: TARIFFS ARE LIKELY TO BE ONE-TIME PRICE INCREASES Fed's Powell: If we didn't have to worry about the labour market, the policy rate would be higher Fed's Powell: labour supply has also come down sharply.