Central Bank Watch
December 11, 2024
officials at the Bank of Canada reviewed their policy today and announced an as-expected rate cut of 50 basis points to 3.25%. There had also been a reduction of 50 basis points made at the prior review in October and three 25-basis point cuts before that. A peak of 5.0% had been maintained from July […] More
New Overnight Developments Abroad - Daily Update
Investors Relieved after November U.S. CPI Data Arrive in Line With Expectations
December 11, 2024
Investors had expected U.S. consumer price inflation to edge up 0.1 percentage point last month due mainly to energy base effects but were braced for a biggest acceleration that could throw cold water on the likelihood of a further Federal Reserve interest rate cut next week. That possibility didn’t happen. The CPI increased 0.3% on […] More
