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Today the US Federal Reserve (Fed) lowered the target range for the federal funds rate by 25 basis points (bps) bringing the new target range to 4.25% to 4.5%.
The 2024 US presidential election has concluded with Donald Trump securing another term in office.
For the first time in over four years, the US Federal Reserve lowered the target range for the federal funds rate.
Once again, the Bank of Canada (BoC) cut the target for the overnight rate by 25 basis points (bps) to 4.25%.