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TSX Closes Slightly Higher, U.S. Stock Markets Mixed After BoC and Fed Cut Rates
The Federal Reserve's quarter-point cut and the Bank of Canada's rate reduction led to mixed U.S. stock futures, with the Dow Jones rising 0.57% on investor cautiousness.
- The Bank of Canada and the U.S. Federal Reserve each cut interest rates by a quarter-point on Wednesday, September 17, 2025, affecting markets globally.
- The Fed made the first cut since December due to concerns about a slowing economy and labor market uncertainty, while market expectations had anticipated this move.
- Following the rate cuts, the Dow Jones rose 260.42 points or 0.57%, the FTSE increased 0.14%, while the S&P 500 and Nasdaq Composite fell slightly but remain on track for weekly gains.
- Fed Chair Jerome Powell described the cut as "risk management" and the Fed projected two more rate cuts this year, with Gina Bolvin noting the Fed is "walking a fine line."
- Markets will closely monitor upcoming inflation and jobs data to determine the Fed's next steps, while the Bank of Canada's move aims to ease debt pressures amid tariff uncertainties.
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TSX closes slightly higher, U.S. stock markets mixed after BoC and Fed cut rates
TORONTO - Canada's main stock index finished narrowly in positive territory, while U.S. markets were mixed amid a pair of quarter-point interest rate cuts from both the U.S. Federal Reserve
·Niagara Falls, Canada
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Coverage Details
Total News Sources12
Leaning Left4Leaning Right2Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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