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 Hi-Ho the Dario The FED Cuts the Rates

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Dove
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PostSubject: Hi-Ho the Dario The FED Cuts the Rates   Hi-Ho the Dario The FED Cuts the Rates I_icon_minitimeWed Sep 18, 2019 2:39 pm

A little...BUT~we want more more more!

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.

But the cut may do little to appease President Trump, who has derided the Fed’s efforts to defend the U.S. economy from factors largely driven by his trade battles.


           
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