Invesco Canada blog

Insights, commentary and investing expertise

Fed holds rate, signals likely December hike

Today’s much-awaited Federal Reserve (Fed) meeting and press conference came and went with what I’d describe as few surprises. The Fed left the federal funds rate unchanged (target range of 0.25% – 0.50%) but saw three Federal Reserve Bank presidents (Esther L. George, Loretta Mester and Eric Rosengren) cast dissenting votes in favour of a hike.

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BoC holds rate, opens the door to future cuts

The Bank of Canada (BoC) announced yesterday that it is maintaining the target overnight rate at 0.5%. The decision to leave the overnight rate unchanged was generally expected by the market, but the BoC statement included language that was more dovish than previous releases.

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