Uncertainty Dominates Global Rate Path | Presented by CME Group

Interest Rate Decisions - The Federal Reserve cut rates by 0.25% [1] - The Bank of Japan kept interest rates steady [1] - The Bank of Canada has cut rates for the second consecutive time [2] - The ECB left rates unchanged, having already cut rates by 2% this year [3] Economic Outlook - The market is pricing in a high probability of a rate cut in December [1] - Signs of a slowing labor market and continued pressure on consumer prices are present [1] - Trade uncertainty is a key driver for the Bank of Canada's rate cuts [2] - Uncertainty about the economic outlook remains elevated across various regions [3] Regional Economic Performance - The Japanese economy has so far weathered the hit from higher US tariffs [1] - Corporate profits, business sentiment, and capex plans are holding up in Japan [1] - The Bank of Canada is dealing with higher than anticipated inflation [2]