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US and Canada Slash Interest Rates as Economic Pressures Mount
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US and Canada Slash Interest Rates as Economic Pressures Mount
On 29 October 2025, the US Federal Reserve and the Bank of Canada both cut their key interest rates by 0.25%, aiming to bolster their respective economies amid ongoing strains. This was only the second rate cut in the US this year, compared to four in Canada, highlighting differing economic pressures.Why the Rate Cuts?Both central banks cited economic challenges as reasons for easing monetary policy. Fed Chair Jerome Powell indicated the rate re…
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