Fed cuts rates again

There is uncertainty on whether the Fed will cut again this year, with the “dot” forecast showing divergence among committee members

Ruth Saldanha 18 September, 2019 | 2:13PM

U.S. Fed's Powell

The U.S. Federal Reserve lowered its main interest rate for a second time this year, to a range of 1.75% to 2%, in light of “global developments for the economic outlook as well as muted inflation pressures”.

“Although household spending has been rising at a strong pace, business fixed investment and exports have weakened,’’ the Federal Open Market Committee said in a statement.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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