Policy makers keep benchmark rates unchanged but revise forward guidance, citing resilient labor markets and moderating goods inflation.
In a closely watched decision, the central bank maintained its policy rate at 5.25%, while dot-plot projections showed a majority of officials expecting one 25-basis-point cut before year-end.
Equities rose modestly; the currency weakened slightly against major peers. Fixed-income traders priced in two cuts by December — one more than officials signaled.
Major indices rally after CPI data shows price growth at a three-year low, fueling bets on earlier rate cuts from central banks.
Global VC investment rises 18% quarter-on-quarter, led by enterprise AI, climate tech, and healthcare automation.
Battery-electric models captured 28% of new car registrations last quarter, driven by subsidies and expanded charging networks.
The expanded partnership covers 2.4 billion people and aims to reduce tariffs on green technology and digital services.
World leaders agree on binding safety standards for frontier AI models, marking the first multilateral treaty on artificial intelligence governance.