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interest ratesfinancialpost
•Business
Business & Economics
75% Informative
The Bank of Canada cut interest rates by 25 basis points to three per cent on Wednesday .
The central bank was mum on where it will go from here, which was a departure from recent practice.
Policymakers reduced interest rates for the sixth straight time, but still shy of the end rate in most economists’ opinions.
“The cross currents on the economic outlook are clouded enough that the bank eschewed any clear message about its plans for future moves,” one economist says.
Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year .
The Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
Today ’s Data: United States quarterly GDP, initial jobless claims and pending home sales.
Bank of Canada could hit pause by March if no tariffs are put in place.
VR Score
82
Informative language
83
Neutral language
45
Article tone
formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
16
Source diversity
9
