Reported about 17 hours ago
Central banks in North America have cut borrowing costs, yet the heads of the US Federal Reserve and the Bank of Canada have tempered expectations for further cuts by year-end. The Fed announced it will stop asset portfolio reduction, while the Bank of Canada emphasizes that current rates are suitable for maintaining inflation near 2%. Meanwhile, the European Central Bank held rates steady amidst economic growth, and signs indicate that US growth, driven by AI investment, continues robustly despite some uncertainties.
Source: YAHOO