• HUMAN REPORTERS · NOT MACHINES

    Fed Cuts Rates By 25 Basis Points

    By CDM Staff
    July 31, 2019
    0
    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.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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