Category: 50bps
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BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control
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As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June. In its statement, the central bank welcomed inflation reaching the 2% target and…
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$200m in crypto liquidated following 50bps Fed rate cut
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The cryptocurrency market has seen impressive bullish momentum following the long-awaited interest rate cut by the US Federal Reserve, which has led to increased liquidation. According to data provided by Coinglass, total crypto liquidations have increased by 46% over the past day, reaching nearly $200 million. Most of the liquidated…
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$200m in crypto liquidated following 50bps Fed rate cut
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The cryptocurrency market has seen impressive bullish momentum following the long-awaited interest rate cut by the US Federal Reserve, which has led to increased liquidation. According to data provided by Coinglass, total crypto liquidations have increased by 46% over the past day, reaching nearly $200 million. Most of the liquidated…
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Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
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The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…
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Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
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The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…