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Thread: Fed delivers second rate cut to head off global risks

  1. #1

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    Default Fed delivers second rate cut to head off global risks

    The Federal Reserve announced Wednesday it would cut interest rates for the second consecutive time this year
    to protect a record stretch of U.S. prosperity from looming foreign risks.

    In a statement following a two-day meeting in Washington, the central bank’s rate-setting Federal Open Markets
    Committee (FOMC) said it would cut interest rates by 0.25 percentage points to a 1.75 to 2 percent baseline
    range. The decision marks the second time since July— and the 2008 recession — that the Fed has moved to ease
    borrowing costs.


    More:
    https://thehill.com/policy/finance/4...f-global-risks


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  3. #2

    Default Re: Fed delivers second rate cut to head off global risks

    Here’s what changed in the new Fed statement

    This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued on July 31 after the Fed’s previous policymaking meeting.
    https://www.cnbc.com/2019/09/18/sept...statement.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  5. #3

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    Default Re: Fed delivers second rate cut to head off global risks

    Is this why the markets are falling? Red is deleted from last time!

    Although growth of household spending has picked up from earlier in the year, growth ofbeen rising at a strong pace,business fixed investment has been softand exports have weakened.
    09/21/2020
    LS CRUDE Oil
    =$39.31 a Barrel, Daily Status -$1.88

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