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๐Ÿ“Š Trading News of the Day ๐ŸŒ | Year-End Central Bank Moves to Watch ๐Ÿฆ As 2024 wraps up, global central banks are making strategic moves to steer their economies amid challenges. Here's what you need to know: ๐Ÿ‡บ๐Ÿ‡ธ Federal Reserve (Fed) ๐Ÿ“‰ The Fed cut rates by 0.25% to 4.25โ€“4.5% but maintained a hawkish tone ๐ŸŽฏ to curb inflation ๐Ÿ“ˆ. The dollar ๐Ÿ’ต gained strength, while stocks ๐Ÿ“‰ took a hit. ๐Ÿ‡ฌ๐Ÿ‡ง Bank of England (BoE) ๐Ÿ“Š The BoE held rates steady at 4.75%, but policy debates are heating up ๐Ÿ”ฅ. Three out of nine members pushed for a rate cut โœ‚๏ธ amidst a stagnant economy โš–๏ธ and inflation rising to 2.6% ๐Ÿ“Š. ๐Ÿ‡ช๐Ÿ‡บ European Central Bank (ECB) ๐Ÿ“‰ The ECB trimmed rates by 0.25% to 3%, marking its fourth cut of the year ๐Ÿ“†. With slow growth ๐Ÿข and trade concerns ๐Ÿšข, further cuts might follow in 2025 ๐Ÿ”ฎ. ๐Ÿ‡ธ๐Ÿ‡ช Swedish Riksbank ๐Ÿ“‰ Swedenโ€™s central bank reduced rates by 0.25% to 2.5% ๐Ÿ“Š. As inflation falls ๐Ÿ“‰ below the 2% target ๐ŸŽฏ, more easing may come early next year ๐ŸŒ…. ๐Ÿ‡ฆ๐Ÿ‡ช UAE Central Bank ๐Ÿ“‰ The UAE joined the trend, cutting its base rate by 0.25% to 4.4% ๐Ÿ’ธ. The move aligns with a global effort to boost economic stability โš–๏ธ. These decisions ๐Ÿฆ aim to balance inflation control ๐Ÿ”„ and economic growth ๐ŸŒฑ, shaping market dynamics ๐ŸŒ as we head into 2025.

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