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Labour market continues to show strength in the face of elevated interest rates

Federal Reserve building

Policymakers made clear Wednesday that they aren't close to declaring victory over the worst bout of inflation in 40 years


Governing council said holding rates steady was the right decision for now, but worried about misinterpretation

China collage

Upbeat tone contrasts with fears that China’s economic concerns could dent global and regional growth

British pounds isolated on a white background.

Consumer prices index moderated to 6.7% in the year August, down from 6.8% in July

Conquering adversity

The increase makes the central bank's next rate decision tougher

Federal Reserve building in Washington DC, USA

Another rate hike this year will likely remain on the table, and Fed officials may project fewer cuts for next year

Arrow blocks

Economists say recent slack in the economy will convince the BoC to remain on the sidelines

Flag of the European Community in front of the Eurotower in Frankfurt am Main

Decision raises benchmark deposit rate to 4%, highest since the euro was established in 1999

union jack national flag of the united kingdom (uk)

Growth is expected to stay tepid