FED cut key interest rate while signalling no further adjustment for 2019
FED cut key interest rate while signalling no further adjustment for 2019
The Federal Reserve on Wednesday, 31 July 2019 decided to cut the key interest rate by a quarter-point (0.25%) to 2-2.25%. This is the first rate cut since 2018, according to media reports.
The Fed emphasised that the cut is merely a mid-cycle adjustment and that it is not “the beginning of a long series of rate cuts”.
Country
USA