BoC And FOMC Set To Cut Rates By 25bps

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Today, two significant interest rate decisions are anticipated. The Bank of Canada is expected to lower rates by 25 basis points to 2.50%, a move supported by recent weak Canadian labor and inflation data, despite some variation in forecasts. Meanwhile, the Fed is also projected to cut rates by 25 basis points, though strong U.S. retail sales and industrial production data have sparked speculation of a hawkish stance.

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