Jobless Claims Continue To Show No Signs Of Labor Market Stress

Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation" As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let higher energy prices become persistent...

The current US conflict with Iran has its roots in the CIA-backed coup in 1953, which removed a democratically-elected prime minister and replaced him with the Shah. The Shah’s government ultimately collapsed, leading to the current Islamic republic.

FCC Set To "Supercharge" Starlink Space Internet With "Seven-Fold More Capacity" Federal Communications Commission Chairman Brendan Carr wrote on X that the agency will vote late this month on an order aimed at "supercharging" internet access by scrapping outdated power limits on satellite broadband, unlocking faster speeds, greater capacity, and more reliable service. On April 30, the FCC will vote on "Modernizing Spectrum Sharing for Satellite Broadband," which would "promote efficient spectrum sharing between geostationary and non-geostationary satellite systems" and, in the FCC's own words, would "unlock more than $32 billion...