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Both the FED and BoC cut rates by 25 bps – Market wrap for the North American session - September 17
['Elior Manier', 'Market Analyst']
MarketPulse
The FED actually provided a fairly hawkish cut when looking at the speech from Powell.
The Federal Reserve Chair emphasized the decision being centered around the labor market despite economic activity being more than decent.
BoC Governor Macklem expressed some concerns about the Canadian Economy, while still precising that the current pace is more one of a slowdown that an actual recession.
China also decided to cut Nvidia chip purchases in the latest round of the ongoing Trade War between the US and China.
This might come as a piece of negotiation ahead of the Xi-Trump call that should be taking place on Friday.
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