BoC Poised to Cut Rates, Can. Dollar Edges Lower

Summary As universally expected, the FOMC decided at its policy meeting today to keep rates unchanged. The decision to maintain the target range for the federal funds rate at 4.25%–4.50% was universally supported by all 12 voting members of the FOMC. The post-meeting statement continued to describe the pace of economic activity as “solid.” It […]

Market picture The crypto market rolled back another 0.9% in 24 hours to a capitalisation of $2.48 trillion – the lowest in a week and a half. Bitcoin reversed by the same amplitude, while there was no uniformity in dynamics among the top coins. Ethereum was unchanged for the day, remaining at $3300, Solana lost […]

A longer meeting, but an expected outcome – the case to hold outweighed the case to hike. This month’s minutes were the first under the new arrangements with longer meetings. While the list of attendees was longer – including the Chief Communications Officer – the minutes themselves were only marginally longer than the previous month’s […]