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The Fed Decides Wednesday — Here's What It Means for Your Mortgage, the Loonie, and Your RRSP

  Monday, July 27, 2026 The U.S. Federal Reserve hands down its rate decision at 2 p.m. ET on July 29. For most Canadians it will feel like background noise. It isn't — here's the plain-language version of why it touches your mortgage, your cross-border spending, and whatever's sitting in your RRSP. The short version: Markets are pricing roughly a two-in-three chance the Fed holds its rate at 3.50%–3.75% on Wednesday. That's not the story. The story is that this is one of the least certain "sure thing" holds in years — and Chair Kevin Warsh's press conference at 2:30 p.m. ET could matter more than the decision itself. Why this meeting is different The Fed has held its benchmark rate steady at 3.50%–3.75% through every meeting so far in 2026. On paper, Wednesday should be more of the same. Under the hood, it's messier. Persistent inflation, running well above the Fed's 2% target for a fifth straight year, has kept a rate hike on the table. The oil-...
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Wall Street Pauses as Futures Hold Steady After Tech Sell-Off

 

After a sharp pullback in technology shares, U.S. stock index futures hovered near the flatline Tuesday evening, signaling a cautious tone ahead of key economic events later this week.

The Dow Jones Industrial Average futures were little changed, while S&P 500 and Nasdaq 100 futures also showed minimal movement. This comes after the Nasdaq Composite slid about 1.5% during the regular session, weighed down by steep losses in Palantir, AMD, and Nvidia. The S&P 500 fell roughly 0.6%, and the Dow barely clung to positive territory.

Investors are digesting a mixed earnings picture from major retailers and bracing for Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium, which could offer clues on the timing of potential interest rate cuts. Geopolitical developments, including ongoing U.S.–Ukraine talks, are also adding to the market’s cautious mood.

Defensive sectors such as utilities, consumer staples, and health care outperformed, hinting at a shift in sentiment as traders weigh the balance between growth prospects and risk management.

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