The US Federal Reserve announced a second consecutive interest rate cut, reducing the target range by 25 basis points to 4.5% - 4.75%, following a 50 basis point cut in September.

On October 23th, the Bank of Canada announced a 50 basis point rate cut, reducing its target rate from 4.25% to 3.75%. Historically, such significant cuts have been implemented during times of economic crises, like the 2008 financial downturn and the 2020 pandemic, where the central bank sought to stabilize the economy amid severe shocks. Today’s adjustment, however, is a response to recent data indicating a sharper-than-expected slowdown in inflation, aiming to sustain economic momentum in a period of easing policy.

For the first time in over four years, the Federal Reserve has lowered its interest rates, a decision announced by Jerome Powell at the September 18th, 2024 FOMC meeting. The 50-basis-point reduction brings the target range down from 5.25%-5.5% to 4.75%-5%. Powell explained that this adjustment was driven by recent economic data, reflecting the Fed's confidence in the overall health of the U.S. economy.

On September 4th, the Bank of Canada announced its third consecutive interest rate cut, lowering the target rate by 25 basis points to 4.25%.

Since the start of Argentina's new monetary plan, which involves the Central Bank (BCRA) selling dollars from exporters, the FX gap has shrunk from 55% to 42%. Despite this, it hasn't dropped below 40%. The BCRA's strategy has focused on preventing big jumps in the BCS rate rather than aggressively narrowing the gap.

On Friday, August 2, the U.S. Department of Labor released its July unemployment report, revealing an increase in the unemployment rate to 4.3% from 4.1% in June.

On July 24, the Bank of Canada (BoC) announced its second consecutive rate cut, reducing the overnight rate by 25 basis points from 4.75% to 4.5%.

On June 12, the Federal Reserve released an FOMC statement, in which it announced its intention to maintain interest rates within the 5.25% to 5.5% range.

The Blue Chip Swap (BCS) rate has experienced a significant rise from a recent low of 1,070 on May 10 to 1,245 on May 22, marking a 16% jump in just a week and a half.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.

The budget projects program spending to reach nearly $491 billion in the next fiscal year, along with the deficit set to reach $40 billion.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.

Inflation has at last dipped below 3%, a move that brings inflation within the Bank of Canada's established long-term target range of 1-3%. Despite this, the Bank of Canada has chosen to persist with its policy of quantitative tightening, maintaining the overnight rate at 5%, Bank Rate at 5¼% and the deposit rate at 5%.

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The Federal Reserve has opted to maintain the federal funds rate's target range at 5.25% to 5.5%.

The Bank of Canada maintains its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

Argentina's bold economic reforms continue as President Javier Milei devalued the peso by a staggering 54%, pushing the official exchange rate from $366.5 to $800 pesos per US dollar.

In its recent release, the Federal Reserve has decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.