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OverviewAPI
The Federal Reserve kept interest rates steady amidst concerns over inflation, hinting at a potential rate cut in November. Stock markets experienced mixed results, with the S&P 500 declining and the Dow Jones seeing gains. The Canadian dollar strengthened against the U.S. dollar as the Fed hinted at rate cuts, impacting Canadian manufacturing and oil prices. Savers benefited from higher yields due to the Fed's decision, leading to increased interest earnings in 2023.

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