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Fed Cuts Interest Rates For Third Time This Year

Video Credit: Wochit Business
Published on October 30, 2019 - Duration: 00:48s

Fed Cuts Interest Rates For Third Time This Year

The Federal Reserve cut interest rates on Wednesday.

The U.S. central bank cut its key overnight lending rate by a quarter of a percentage point, to a target range of between 1.50% and 1.75%.

Reuters reports it's the third time year.

The cut is in order to help sustain U.S. growth despite a slowdown in other parts of the world.

However, the Fed signalled no further reductions ahead unless the economy takes a turn for the worse.

We believe that monetary policy is in a good place.

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Fed Cuts Interest Rates For Third Time This Year

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