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Why cut interest rates during inflation? | About That

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September 17, 2025

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Central banks typically raise interest rates to get prices under control during times of inflation, but the Bank of Canada and the U.S. Federal Reserve just cut rates. Andrew Chang explains how Trump's tariffs and a slumping job market led to the same inflection point for the countries' duelling economies.

Images provided by Getty Images, The Canadian Press and Reuters.

Intro: 00:00

Inflation isn’t everything: 1:34

Inescapable uncertainty: 6:08

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