Nov 22
Will the Fed Follow in Canada’s Footsteps?
The Bank of Canada cut interest rates by 25bp to 2.25%. This move was smaller than the market expected but still represents 75bp of easing since the beginning of the month. With the Federal Reserve set to reduce interest rates next week, Canada's explanation for the smaller could shed some light on what the Fed may be thinking. According to the BoC statement, Canada opted for only a 25bp rate cut for 3 reasons: 1. They have already cut interest rates aggressively this month 2. Even though they
