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SNB Silence Sets Up Another Rate-Cut Cliffhanger

(Bloomberg) — The Swiss National Bank decision this week is set to be another nail-biter on whether officials will cut their interest rate or stay on hold. Most Read from Bloomberg The announcement by the central bank on Thursday will come three weeks to the day since the last public comment by one of its […]

Bank of Canada first to cut rates in G7, economist bets are on another in July

Wednesday’s move by the Bank of Canada – the first cut from a central bank among G7 nations since 2020 – was widely expected by economists and markets. (REUTERS / Reuters) The Bank of Canada cut its benchmark interest rate by 25 basis points to 4.75 per cent on Wednesday, the first reduction in more […]

Wall Street stocks end slightly higher as weak jobs data supports rate cut

By Chibuike Oguh NEW YORK (Reuters) – U.S. stocks ended a shade higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal Reserve. Data on Tuesday showed that U.S. job openings fell to their lowest level in more than three years in April, signaling an easing […]

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