European Commission Executive Vice President Valdis Dombrovskis: We are seeing the first signs of fragmentation in global trade and are concerned about rising protectionism.

ECB board member Kazaks: No rush to cut interest rates further.

ECB board member Kazaks: We do not intend to declare that the inflation problem has been solved.

IMF Managing Director Georgieva: Still optimistic that the Fed will be able to cut interest rates in 2024.

IMF Managing Director Georgieva: Industrial policies lead to insufficient capital allocation.

ECB board member Kazaks: Even with gradual rate cuts, interest rates will remain restrictive.

ECB board member Kazaks: interest rates are trending downward.

ECB board member Kazaks: The possibility of a rate cut in June is quite high.

ECB board member Kazaks: There will be two more inflation data releases before June.

IMF Managing Director Georgieva: The last thing we need is further misallocation of capital.

IMF Managing Director Georgieva: Immigrants help keep U.S. wages low.

ECB board member Kazaks: We are in a period of peak interest rates.

IMF Managing Director Georgieva: The IMF believes that the conditions exist for a rate cut in the United States this year.

Federal Reserve Board Governor Bowman: Prudently ask banks to update and test emergency plans.

IMF Managing Director Georgieva: Fed is "doing the right thing" on interest rates.

IMF Managing Director Georgieva: We should not prepare for a rapid drop in interest rates.

Federal Reserve Board Governor Bowman: Bank supervision should focus on the most prominent risks.

The precipitation outlook for the May-July season is favorable for above-normal seasonal total precipitation in the western half of Alaska, according to the U.S. Climate Prediction Center (CPC).