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We discussed both 25 and 50 bps
There are some mixed signals in the economic data
We cut by 50 bps for 2 reasons: 1) We no longer need policy that's clearly in restrictive territory. 2) All the data tilts towards a softer economic outlook for GDP growth compared to October estimates
Cites lower...
BoC cut its overnight rate by 50 basis points to 3.25% as anticipated, but a notable shift in tone suggests a loosening of its easing bias. The central bank stated that interest rates have been reduced “substantially” since June, signaling that future cuts would be evaluated “one decision at a...
At 16:45 (GMT+2), the Bank of Canada will announce its interest rate decision. It may follow that the regulator will adjust the value from 3.75% to 3.25%. The accompanying statement may contain an assessment of the current situation and immediate prospects for the Canadian economy, as well as...
At 09:00 (GMT+2), Turkey will publish its October unemployment data. This indicator records all people aged 15 and above who were unemployed during the reporting period, who used at least one of the job search channels in the last three months, as well as citizens who are already employed or...
At 05:30 (GMT+2), the Reserve Bank of Australia will announce its interest rate decision. Officials are likely to keep the rate at the current level of 4.35%. The accompanying statement may contain the country’s financial authorities’ assessment of the current state of the economy against global...
In a minor yet notable change, the MBA 30-Year Mortgage Rate in the United States has decreased from its previous level, settling at 6.67% as of December 11, 2024. This slight dip from the previous rate of 6.69% comes as welcome news to prospective homebuyers and homeowners considering...
The US Dollar (USD) is falling back to flat on Wednesday after the US Consumer Price Index (CPI) came broadly in line of expectations. No real outliers with the Monthly Headline Inflation coming in at 0.3% while the monthly Core Inflation measure
Silver price (XAG/USD) finds buying interest near the intraday low of $31.60 in Wednesday’s North American session after the release of the United States (US) Consumer Price Index (CPI) data for November.
Reserve Bank of Australia Leaves Rates Unchanged, Hints at 2025 Cuts; Trump Crypto Rally Falters, Bitcoin Trades Below $95,000; NASDAQ 100, S&P 500, DAX Indices Fall; Cocoa Futures Hit 7-Month High