Fed delivers second rate cut to head off global risks

[James48843]

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.


More:
https://thehill.com/policy/finance/461980-fed-delivers-second-rate-cut-to-head-off-global-risks

 

[tsptalk]

Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued on July 31 after the Fed’s previous policymaking meeting.

https://www.cnbc.com/2019/09/18/sep...eeting-what-changed-in-the-new-statement.html

 

[nnuut]

Is this why the markets are falling? Red is deleted from last time!

Although growth of household spending has picked up from earlier in the year, growth ofbeen rising at a strong pace,business fixed investment has been softand exports have weakened.