NewsBreak: Fed Cuts Interest Rates by Quarter Point
Investing.com – The Federal Open Market Committee lowered its benchmark interest rate by 25 basis points Wednesday.
- The FOMC to a range of 1.75% to 2% from 2% to 2.25%. The , with one FOMC member calling for a 50 bps cut and two others voting for no change.
- The market had been pricing in more than a the Fed would cut by a quarter point.
- The fell 0.5%, compared with a 0.2% loss before the announcement.
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Source : Investing.com Link