CD Media
Markets

Fed Cuts Rates By 25 Basis Points

The Federal Reserve Headquarters in Washington, DC. Image: Dan Smith

FOMC Announces Rate Cut

The much anticipated FOMC announcement has been made, and the Fed has cut policy interest rates by 25 basis points. The market reacted by selling off, major indexes were down less than 1%.

Fed Chairman Jerome Powell commented that inflation was muted, and President Trump previously had commented that one quarter point was not enough.

Related posts

What Recession? Markets Roar As Trump Job Machine Rolls On

CD Media Staff

Economic Data Meaningless During Lockdown, But Here It Is

CD Media Staff

Manufacturing Earth-Shattering Kaboom! To The Upside In Philly

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky