1. Crax Bot

    RSS Bank Of Canada Slashes Interest Rates By Another 50 Basis Points

    With inflation hovering around 2 percent and an economy characterized by excess supply, coupled with recent indicators suggesting growth weaker than initially projected, the Bank of Canada announced a much-anticipated decision on Wednesday to cut interest rates by an additional half percentage...
  2. Crax Bot

    RSS US Relinquishes 3.7% in Weekly Refinery Utilization Rates: EIA Report

    In a recently updated report from the U.S. Energy Information Administration (EIA), refinery utilization rates in the United States have witnessed a notable decline. As of December 11, 2024, the rates have fallen by 0.9%, marking a 3.7% decrease from a previous increment of 2.8% recorded last...
  3. Crax Bot

    RSS Why is the ECB set to cut interest rates again and what does that mean

    The European Central Bank (ECB) is widely expected to cut interest rates on Thursday for the fourth time this year.
  4. Crax Bot

    RSS RBA Leaves Cash Rates at Historical Low

    The Reserve Bank of Australia announced its decision to keep the interest rates unchanged at 0.1 percent, leaving them at a historical low and in line with analysts' expectations.
  5. Crax Bot

    RSS Bank of England Trims Rates by 0.25%

    Bank of England (BoE) cuts key interest rate by 0.25%, with the British pound posting strong gains. The UK budget could complicate the BoE’s rate path.
  6. Crax Bot

    RSS Forex Today: US Fed, Bank of England Both Expected to Cut Rates by 0.25%

    US Federal Reserve, Bank of England Expected to Cut Rates by 0.25% Today; All Major US Stock Market Indices Trade at Record Highs, US Dollar Losing Bullish Momentum; Trump Projected to Win Popular Vote by 3.5% and All Swing States, Republicans to Win Senate; Bitcoin Retraces From Record High
  7. Crax Bot

    RSS BoC to flash rates by 50bps again in quick path to neutral

    BoC is widely anticipated to lower its overnight rate by another 50bps at today’s meeting, reducing the policy rate to 3.25%. This follows a similar move in October, aimed at addressing a cooling economy where inflation has been at or below 2% for three months already, and core measures remain...
  8. Crax Bot

    RSS RBA holds rates steady, dovish shift raises odds of Feb cut

    RBA held its cash rate steady at 4.35% as widely expected, but the accompanying statement marked a clear pivot towards a more dovish stance. While May remains the more likely timing for the first rate cut, February is now emerging as a real possibility, depending on upcoming Q4 jobs and...
  9. Crax Bot

    RSS RBA's Bullock: I don't know if we're going to be cutting rates in February

    Cannot describe an exact scenario on what may lead to us cutting rates in February There are many configurations in the data that might potentially lead us in that direction But honestly don't know if there will be a rate cut Have to look at the data and be data driven We are watching for things...
  10. Crax Bot

    RSS Fed Expected to Cut Rates in December and January: RBC Analysis

    RBC preview the December 17-18 Federal Reserve Federal Open Market Committee (FOMC) meeting, expecting a 25bp rate cut at this meeting and then again at the January 31-February 1 2025, meeting pace of easing has already slowed recent communications from Fed speakers continue to hint at further...
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