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The Bank of Canada is expected to cut interest rates by 25 basis points on Wednesday, spurred by weak job reports and ...

The Federal Open Market Committee (FOMC) lowered the federal funds rate to 4.00%-4.25% amid elevated economic uncertainty.

As widely expected, the Federal Reserve trimmed its policy rate by 25 basis points to 4.00%-4.25% on Wednesday, acknowledging a softening labor market even as inflation perked up in recent months.