Charting the Global Economy: Fed Reins In Rate-Cut Expectations

A television station broadcasts Jerome Powell on the floor of the New York Stock Exchange last week. Central bankers in North America’s two largest economies lowered borrowing costs this week, though yields on government debt climbed after the heads of US Federal Reserve and the Bank of Canada damped expectations for further reductions by year-end. Most Read from Bloomberg The European Central Bank kept borrowing costs unchanged for a third straight meeting, with inflation in check and the economy expand ...