17:56 19 September 2019
Post by: WBJ

US: FOMC lowers rate by 25 base points

US: FOMC lowers rate by 25 base points
source: Wikipedia

The Federal Open Market Committee lowered the main rate for the second time this year, but its members are divided about the need for further loosening.
As expected, the main rate was reduced by 25 points underlying to 1.75-2.0 percent due to the implications of the global development of economic prospects as well as the weakening inflationary pressure.
“Though household spending is growing at a rapid pace, business investment in durable goods and exports has weakened,” FOMC pointed out, maintaining its commitment to “act properly to sustain expansion.”
 (Puls Biznesu)


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