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The Bank of Canada delivers an aggressive 50+ basis point rate cut, signaling a major shift toward monetary easing amid slowing growth and cooling inflation pressures.
The Federal Reserve cuts its policy rate floor to 1.75% or lower, signaling aggressive monetary easing in response to severe economic weakness or deflationary pressures.
The FOMC reaches full consensus on monetary policy for the first time in years, signaling strong agreement on the economic outlook and policy path forward.