Fed cuts interest rates again by a quarter point, but future drops this year are in doubt
Fed cuts interest rates again by a quarter point, but future drops this year are in doubt
WASHINGTON _ The Federal Reserve on Wednesday cut interest rates for a second straight time, but policymakers were divided about the future path of rates.
Los Angeles Times
Los Angeles Times
'No guts, no vision!' Trump unhappy after Fed announces modest rate cut
'No guts, no vision!' Trump unhappy after Fed announces modest rate cut
Central bank approves quarter-point interest rate reductionTrump tweets: ‘Jay Powell and the Federal Reserve fail again!’
The Guardian - US
The Guardian - US
Another Slice: Fed Cuts Rates Again, But Stays Cloudy on Next Steps, Disappointing Market
Another Slice: Fed Cuts Rates Again, But Stays Cloudy on Next Steps, Disappointing Market
The Fed used stronger language to discuss spending by the U.S. consumer, and also mentioned the weakening of exports. It’s tough for the Fed with the U.S. economy doing pretty well but international economies struggling. This could make next moves hard to predict.
Forbes
Forbes
Fed is expected to cut interest rates again by quarter point
WASHINGTON _ The Federal Reserve on Wednesday is poised to cut interest rates for a second straight time, but the big question is: How many more rate reductions is the central bank prepared to make in coming months?
Los Angeles Times
Los Angeles Times
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US Fed's Bullard says bigger rate cut 'insurance' against recession
Washington (AFP) - Federal Reserve policymaker James Bullard said Friday he dissented from this week's vote on interest rates because he wanted to see a bigger rate cut as "insurance" for the US economy.
AFP
AFP
Federal Reserve cuts interest rate for 2nd time this year
The Fed’s move will reduce its benchmark rate by an additional quarter-point to a range of 1.75% to 2%. The Fed’s key rate influences many consumer and business loans.
Chicago Sun-Times
Chicago Sun-Times