SuperForex
📉 International: Canada Leads with Rate Cut, Positive Signs from US Employment Data On Wednesday, the Bank of Canada cut its key interest rate by 25 basis points, from 5% to 4.75%, as expected. Governor Tiff Macklem hinted at further rate cuts if inflation eases. This move led to a short-term increase of approximately 40
🌏 International News: The Federal Reserve remains hawkish, delaying rate cuts and boosting market optimism for the USD. Despite April’s CPI data showing a significant cooldown 📉, recent Fed statements indicate no rush for rate cuts, emphasizing the need for more evidence of inflation decline 📊. The Fed’s meeting minutes revealed concerns over insufficient inflation