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Some experts are calling into question the Bank of Canada’s decision to hold its key policy rate amid trade uncertainty, as the central bank faces dual risks from downside economic impacts coupled with higher inflation expectations.
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U.S. Federal Reserve Chair Jerome Powell again stressed the central bank must ensure tariffs don’t trigger a more persistent rise in inflation.
U.S. President Donald Trump on Wednesday inserted himself directly into trade talks with Japanese officials, a sign of the high stakes for the United States after its tariffs rattled the economy and caused the administration to assure the public that it would quickly reach deals.
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