Economy

Fed Cuts Interest Rates By Half-Point in First Rate Cut in Four Years

In a move that signals a significant pivot in monetary policy, the Federal Reserve cut its benchmark interest rate by…

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US Inflation Drops to Three-Year Low, Fed to Start Rate Cuts

US inflation reached a significant milestone in August, with the annual rate cooling to 2.5%, the lowest in three years.…

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US Jobs Report Falls Short of Expectations for Second Consecutive Month

The highly-anticipated US jobs report, released today, showed the labor market continued cooling in August, as employers added just 142,000…

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August Jobs Report Likely to Determine Size of Fed’s Rate Cut

The release of the August jobs report is set to be a pivotal moment for the U.S. economy, determining not…

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Bank of Canada Cuts Rates for Third Time in a Row, Says Larger Rate Cuts Possible

The Bank of Canada (BoC) has once again lowered its key interest rate, marking the third consecutive cut in 2024,…

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Markets Rally as Powell Signals Fed Pivot and September Rate Cut

Federal Reserve Chair Jerome Powell has set the stage for a series of interest rate cuts, with markets and analysts…

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Canada’s Inflation Slows in July, Paving Way for More Rate Cuts

Canada’s inflation rate eased to 2.5% in July, marking the slowest increase in over three years and solidifying expectations for…

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US Retail Sales Surge, Jobless Claims Fall, Alleviating Recession Fears

New economic data on retail sales and jobless claims have provided a surprising confidence boost to the US economy, dispelling…

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Fed Eyes Rate Cut as US Inflation Hits Lowest Level Since 2021

US inflation has fallen to its lowest level since March 2021, opening the door for the Federal Reserve to consider…

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U.S. Inflation Cools in June, Paving Way for Potential Fed Rate Cuts

In a significant turn of events for the U.S. economy, inflation cooled for the third consecutive month in June, providing…

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