June 21, 2024

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Charting the Global Economy: Fed, BOE Leave Rates Unchanged

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The Federal Reserve and Bank of England both left borrowing costs unchanged as they near the end of their respective tightening cycles.

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(Bloomberg) — The Federal Reserve and Bank of England both left borrowing costs unchanged as they near the end of their respective tightening cycles.

While the Fed’s decision to pause was unanimous, several UK policymakers voted in favor of another another quarter-point increase. Both central banks left open the option to hike again, but a soft US jobs report at the end of the week reinforces investors’ view that the Fed’s campaign is done.

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Bloomberg News

2023-11-04 06:47:08

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