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Fed Holds Rates Steady as Global Currencies Dip
2/4/2025
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Fed Holds Rates
- The U.S. Federal Reserve held interest rates steady, suggesting a potential extended pause in adjustments.
- Rate cuts by the European Central Bank and Bank of Canada weakened the Euro and Canadian Dollar against the U.S. Dollar.
- The S&P 500 and Nasdaq declined amid tariff announcements and AI market fluctuations, though some recovery is noted.
- Investors are closely watching upcoming U.S. jobs data and the anticipated rate cut by the Bank of England.
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