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Esther George

Esther George latest

The Fed lowered its short-term lending rate to between 1.5% and 1.75% from 1.75% to 2%, citing a "moderate rate" of economic growth.
October 31st, 2019 - 06:59 GMT

US: Fed Reserve Lowers Interest Rates for a Third Time This Year

The Federal Reserve decided Wednesday to lower its benchmark interest rate by a quarter point for a third time this year, but indicated future cuts will likely be halted barring a deterioration in economic conditions. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"} The Fed lowered its short-term lending rate to between 1.5% and 1.75% from 1.75% to 2%, citing a "moderate rate" of economic growth. Jerome Powell, the Fed ...
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The last time the Fed reduced rates three times, while the economy was growing, was in 1998.
October 28th, 2019 - 07:30 GMT

US Mulls Cutting Interest Rate for the Third Time

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