Ripple Effects of U.S. Federal Reserve’s 50 Basis-Point Interest Rate Cut on Canada: Implications for the Bank of Canada and Mortgage Holders
On Wednesday, the U.S. Federal Reserve delivered a surprising and aggressive monetary policy move, cutting its benchmark interest rate by 50 basis points (bps). This marked the first time in four years that the Fed enacted such a sharp reduction, surprising economists who had expected a smaller, standard cut of 25 bps. The decision was … Read more