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Fed Eyes Rate Hike Amid Strong Job Growth

1/24/2025

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Summary

Story summary

The Federal Reserve is contemplating a rate hike following December's job growth of 256,000, surpassing expectations.
Analysts indicate a potential hike if core PCE inflation rises above 3%.
The Bank of Canada may reduce rates by 0.25% due to sluggish growth and inflation, despite U.S. tariffs posing risks.

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Story summary

The Federal Reserve is contemplating a rate hike following December's job growth of 256,000, surpassing expectations.
Analysts indicate a potential hike if core PCE inflation rises above 3%.
The Bank of Canada may reduce rates by 0.25% due to sluggish growth and inflation, despite U.S. tariffs posing risks.