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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...
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...
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.
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.
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
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...
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...
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...
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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Demystifying Forex: Rates, Quoting, Demand and Supply
Meaning of Forex rate, Direct & Indirect Forex rate, Sources of demand and supply of forex
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