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Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold

Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold

By Promit Mukherjee OTTAWA, Dec 10 (Reuters) - The Bank of Canada is almost certain to hold its interest rate at 2.25% on Wednesday after signaling in October that its key policy rate was at the right level and following a slew of upbeat data on economic growth, inflation and the job market.
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Trading Day: Nervy Fed vigil almost over

Trading Day: Nervy Fed vigil almost over

ORLANDO, Florida, Dec 9 (Reuters) - U.S. stocks, bonds and the dollar held relatively steady on Tuesday as investors braced for the Federal Reserve's policy decision on Wednesday, while surprisingly hawkish remarks from Australia's central bank governor rocked markets there. More on that below.
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ECB to stay on hold through end of 2026 on expected stable economic outlook - Reuters poll

ECB to stay on hold through end of 2026 on expected stable economic outlook - Reuters poll

By Hari Kishan and Pranoy Krishna BENGALURU, Dec 10 (Reuters) - The European Central Bank will leave interest rates unchanged on December 18 and keep them there through next year, according to a majority of economists polled by Reuters, as inflation is expected to stay subdued and the economy
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FULL TEXT- Bank of Canada keeps key policy rate unchanged

FULL TEXT- Bank of Canada keeps key policy rate unchanged

OTTAWA, Dec 10 (Reuters) - The Bank of Canada released the following statement on Wednesday: "The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
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President Trump Resumes Fed Chair Interviews Amid Market Concerns

President Trump Resumes Fed Chair Interviews Amid Market Concerns

President Trump, alongside Treasury Secretary Scott Bessent, is set to resume interviews for the next Federal Reserve chair, starting with former Fed Governor Kevin Warsh. This process, which had been temporarily halted, is crucial as it determines the successor to current Chair Jerome Powell, whose term ends in May. The selection process, which began in the summer, includes candidates like Kevin Hassett, director of the National Economic Council, and other notable figures such as Christopher Waller, Michelle Bowman, and Rick Rieder. Trump's decision is closely watched by markets, especially as there are concerns that Hassett might align too closely with Trump's preference for lower interest rates, potentially disregarding inflation risks. The Federal Reserve is expected to lower interest rates for the third time this year, with Powell likely to adopt a cautious approach regarding future rate cuts.
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SNB to hold policy rate at zero through 2026; negative rates unlikely, say economists: Reuters Poll

SNB to hold policy rate at zero through 2026; negative rates unlikely, say economists: Reuters Poll

By Anant Chandak BENGALURU, Dec 8 (Reuters) - The Swiss National Bank will keep its policy rate unchanged at zero for a second consecutive meeting on Thursday and through 2026 as inflation hovers near the bottom of its target range, according to most economists in a Reuters poll who said the risk of
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Fed could find itself in a bind as it sets the stage for Powell's successor

Fed could find itself in a bind as it sets the stage for Powell's successor

By Howard Schneider WASHINGTON, Dec 8 (Reuters) - The U.S.
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Federal Reserve Considers Rate Cut Amid Economic Uncertainty and Internal Divisions

Federal Reserve Considers Rate Cut Amid Economic Uncertainty and Internal Divisions

Federal Reserve Considers Rate Cut Amid Economic Uncertainty and Internal Divisions
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Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds

Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds

The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest rate cut
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Brazil 12-month inflation forecast at lowest in more than one year in November

Brazil 12-month inflation forecast at lowest in more than one year in November

By Gabriel Burin Dec 9 (Reuters) - Brazil's 12-month inflation is forecast to have run in November at its lowest rate in more than one year, a Reuters poll showed, even as core measures remained high.
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Federal Reserve Expected to Announce 'Hawkish Cut' in Interest Rates, Impacting Market Expectations

Federal Reserve Expected to Announce 'Hawkish Cut' in Interest Rates, Impacting Market Expectations

Federal Reserve Expected to Announce 'Hawkish Cut' in Interest Rates, Impacting Market Expectations
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Mexico's inflation accelerates more than expected, central bank notes further risks

Mexico's inflation accelerates more than expected, central bank notes further risks

By Aida Pelaez-Fernandez MEXICO CITY, Dec 9 (Reuters) - Mexico's annual inflation rate accelerated in November, landing slightly above market expectations, official data showed on Tuesday, and the central bank's deputy governor flagged possible new inflation risks for the coming year.