The Federal Reserve and the Bank of Canada are both expected to cut interest rates by 25 basis points this week
ChainCatcher news, according to Jinshi reports, S&P expects the Federal Reserve to cut interest rates by 25 basis points this week, bringing the rate down to 4% to 4.25%, amid cooling employment data and persistently high inflation. S&P also expects the Bank of Canada to cut rates by 25 basis points to 2.5%, and may do so at least once more this year.
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