Washington  — Federal Reserve officials on Wednesday  reduced interest rates by a quarter-percentage point for the third time in 2019  and hinted they may be done loosening monetary policy, at least for one meeting.

The Federal Open Market Committee (FOMC) altered language in its statement following the two-day meeting Wednesday, dropping its pledge to “act as appropriate to sustain the expansion”, while adding a promise to monitor data as it “assesses the appropriate path of the target range for the federal funds rate”...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now