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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - Aujourd'hui 11:38

BoE up next as markets digest Fed rate cut

Following the wild fluctuations seen in financial markets on Wednesday, volatility remains high early Thursday. The Bank of England will announce monetary policy decisions, and later in the day, the US economic calendar will feature weekly Initial Jobless Claims, August Existing Home Sales and September Philadelphia Fed Manufacturing Survey data. The Federal Reserve announced at the end of its two-day policy meeting that it lowered the policy rate by 50 basis points (bps) to the range of 4.75-5.00%. The revised Summary of Economic Projections (SEP), the so-called dot-plot, showed that policymakers foresee two more 25 bps rate reductions in the

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