Fed Cuts Rate By 25 Basis Points, Will Monitor Economic Conditions
October 30, 2019 at 15:59 PM EDT
The Federal Reserve cut rates by 25 points to a range of 1.5% to 1.75% on Wednesday, as part of what Fed Chairman Jerome Powell has characterized this year as a “midcycle adjustment” in a maturing economic expansion. The cut was heavily anticipated by markets and accurately predicted by the October...
