WASHINGTON (MarketWatch) - The Federal Reserve cut its benchmark interest rate for the third time this year to 1-5% to 1.75%, but the central bank also...
WASHINGTON - The Federal Reserve cut its benchmark interest rate for the third time this year to 1-5% to 1.75%, but the central bank also signaled it will pause to assess the economy before acting again. The vote was 8 to 2. The Fed has cut rates largely to protect the economy from a damaging trade war with China that's curbed U.S. and global growth. The U.S. economy, however, is still "rising at a moderate rate," the Fed noted.
See Full Story Fed cuts rates for third meeting in a row, signals pause The Federal Reserve cut its benchmark interest rate for the third meeting in a row but signaled it may pause its policy changes.
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