FED Announces 0.25% Rate Cut
Watch live: Fed Chair Jerome Powell announces interest rate cut I NBC News
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Federal Reserve Chair Jerome Powell speaks about the decision to cut interest rates for the first time since 2008.
https://www.youtube.com/watch?v=AzBkGy5aEmU
>FED Announces 0.25% Rate Cut
CNBC - FED CUTS RATE BY A QUARTER POINT
KEY POINTS
The policymaking Federal Open Market Committee drops the target range for its overnight lending rate to 2% to 2.25%, or 25 basis points from the previous level.
The Fed cites “implications of global developments for the economic outlook as well as muted inflation pressures” in its first rate cut since December 2008.
The Fed also leaves the door open to future cuts, saying it will “act as appropriate to sustain the expansion.”
The central bank also ends its balance sheet reduction two months earlier than planned.
https://www.cnbc.com/2019/07/31/fed-cuts-rates-by-a-quarter-point.html
>BREAKING: U.S. Navy says single-seat F/A-18E Super Hornet fighter jet crashed at 1 pm ET near China Lake, Calif.
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Trump twatted out Victory on his court case.
^^^
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