Central bankers in North America lowered borrowing costs, but yields on government debt rose after Fed and Bank of Canada heads tempered expectations for further cuts by year-end. ECB and Bank of Japan kept rates steady. US economy is growing with AI driving growth, despite slow hiring and stalled housing. Ontario Premier criticizes Trump’s tariffs using Reagan’s words in TV ad. Euro-area inflation remains above 2%. Germany and France show resilience to higher US tariffs. German business confidence improves. China aims to boost consumption and reduce export reliance. Trump announces trade deals in Southeast Asia. Hurricane Melissa causes devastation in the Caribbean. Mexico faces economic crossroads. Russian consumers’ gold purchases set to equal state reserves. Copper hits record in London. Central banks in Pakistan, Chile, Malawi, and Colombia keep rates unchanged. Botswana doubles benchmark rate.

Read more at Yahoo Finance: Fed Reins In Rate-Cut Expectations