Fed lowers interest rates as expected, leaves door open to more cuts
US President Donald Trump is likely to be disappointed the Fed did not deliver the large rate cut he had demanded
31 July 2019 - 20:12
Washington — The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted US inflation, and signalled a readiness to lower borrowing costs further if needed.
Financial markets had widely expected the quarter-percentage-point rate cut, which lowered the US central bank’s benchmark overnight lending rate to a target range of 2% to 2.25%...
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