Fed cuts rates as voting shows division among policymakers
US inflation is projected to be 1.5% for the year, below the Fed's 2% target, before rising to 1.9% in 2020
18 September 2019 - 20:43
Washington – The US Federal Reserve cut interest rates by a quarter of a percentage point for the second time in 2019 on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.
The central bank also widened the gap between the interest it pays banks on excess reserves and the top of its policy rate range, a step taken to smooth out problems in money markets that prompted a market intervention by the New York Fed this week...
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