Mexican Media Brands
Fed Cuts Interest Rate for 3rd Time in 6 Months
As expected, the Federal Reserve has lowered its benchmark interest rate by one-quarter point to a range of 1.5% to 1.75%.
#economics
Share
As expected, the Federal Reserve has lowered its benchmark interest rate by one-quarter point to a range of 1.5% to 1.75%.
Yesterday’s reduction was the third quarter-point downturn in four months. Last year the Fed raised rates four times in quarter-point increments. The central bank says it won’t make further cuts unless the U.S. economy falters or the job market weakens.
Analysts note that the Fed’s position has shifted since July from planning to cut rates unless conditions improve to planning not to cut rates unless conditions worsen. The distinction sets a higher hurdle for future reductions.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.