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Site title: Real Economy Blog: timely insights for the middle market economy | Economic News from RSM

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A hawkish Fed holds rates steady amid rising inflation

The Federal Open Market Committee kept its policy rate in a range between 3.75% and 4% on Wednesday as it opted for the status quo days before the midterm elections. While...


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India’s industrial growth moderates as manufacturing remains resilient

India’s industrial output growth moderated to 6.7% in September as a contraction in mining offset continued strength in manufacturing and el...


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Bank of Canada raises interest rate to 2.5%—with more hikes to come

The Bank of Canada raised its overnight rate by 25 basis points on Wednesday to 2.5 per cent after seven consecutive holds due to persistently hig...


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Market Minute: Expect third-quarter GDP to reach 3.4%

Our forecast of U.S. third-quarter gross domestic product implies a 3.4% pace of growth with risk of a faster pace when the data is released on Friday. The growth is being dri...


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Market Minute: The rising cost of inaction by the Fed

Too little, too late is not a policy choice. We expect the Federal Reserve to hold its overnight policy rate within the current range of 3.75% to 4.0% at the Wednesday meetin...


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