Field Hearing Entitled: “Examining the Structure of the Federal Reserve System” - U.S. House Financial Services Committee (.gov)

With oil prices under pressure and hawkish expectations for the Federal Reserve intensifying, the U.S. dollar has risen against the Canadian dollar for the third consecutive day.

A report indicates that despite significant investments, the U.S. is still at least a decade away from substantially reducing its dependence on China for critical rare earth minerals, implying continued Chinese dominance.

The Wall Street Journal reports that the Fed minutes indicate support for rate hikes if inflation proves persistent.