Federal Reserve lowers its benchmark interest rate by 0.25 percentage points in third straight cut [CBS News]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: CBS News
The reduction lowers the federal funds rate — what banks charge each other for short-term loans — to between 3.5% and 3.75%, down from its prior range of 3.75% to 4%. The Fed's decision marks the third consecutive rate cut since September, lowering the federal funds rate by a total of 0.75 percentage points this year. Despite the lack of key government economic data because of the recent U.S. government shutdown , the Fed has been closely monitoring the slowdown in monthly job growth as well as rising inflation. Figures from ADP, which tracks private payrolls, showed that employers shed 32,000 jobs in November, a signal of continuing headwinds in the labor market. "Employment growth remains slow, and inflation data seems reasonable given the previous concerns over tariffs and policy uncertainty," Gary Pzegeo, co-CIO of CIBC Private Wealth US, said in an email before the Fed's rate decision. "The Fed has highlighted the risk and unusual nature of today's labor market, and would li
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Earnings
- 12/4/25 - Beat
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Sec Filings
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- CM's page on the SEC website