Central Bank Watch
Another Canadian Central Bank Interest Cut but Perhaps the Last One of the Cycle
October 29, 2025
The Canadian policy interest rate has been reduced by 25 basis points to 2.25%. This was the fourth such cut of 2025 and comes on top of 175 bps of easing during the final seven months of 2023. A statement explaining today’s decision and updated forecasts anticipates slow growth of less than 1.5% in both […] More
Central Bank Watch
Thoughts Regarding the FOMC Statement and Powell Press Conference
October 29, 2025
Two things unrelated to the characterization of current economic conditions pop up in today’s statement: The vote to cut confirm the 25-basis point interest rate cut was a spit one. Governor Miran as in September voted to reduce the interest rate by a larger 50 basis points, which was predictable. The possibility of some committee […] More
Central Bank Watch
October 2025 FOMC Meeting Preview
October 29, 2025
A second consecutive 25-basis point cut of the federal funds rate target range to 3.75-4.00% is pretty universally expected after today’s 7th of eight 2025 scheduled policy reviews by the Federal Open Market Committee. At the first five reviews this year, monetary easing was on pause because the disinflationary process had stalled with inflation still […] More
New Overnight Developments Abroad - Daily Update
A Very Busy Three Days Ahead
October 29, 2025
The final three days of October are full of events that financial markets are following closely: A slew of companies are reporting 3Q earnings, including META, Alphabet, Microsoft, Caterpillar, UBS, CVS, Starbucks, ADP and Verizon. Nvidia beat expectations, sending its stock up 5% overnight thus far. Ahead of the FOMC interest rate announcement today, President […] More
