The Fed cut interest rates by a quarter point. Officials left the door open for more but were split over the outlook for further reductions.
The Federal Reserve voted to cut interest rates by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade war.
While they left the door open to additional cuts, officials were split over Wednesday's decision and the outlook for further reductions. Seven of 10 officials voted in favor lowering the short-term benchmark to a range between 1.75% and 2%. As in July, two reserve bank presidents dissented from the decision in favor of holding rates steady. Fed Chairman Jerome Powell faced a third dissent from a bank president who preferred a larger, half-point cut.
The policy statement released after the meeting was little changed from July, when officials held the door open to future rate cuts. As the rate-setting committee "contemplates the future path" of its policy rate, "it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion," the statement said, repeating its language from July.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Explainer: Five ways the Fed's expected rate cut could affect consumersIf the Federal Reserve lowers interest rates as expected on Wednesday, the decis...
Consulte Mais informação »
US stocks fall ahead of Fed decision on interest ratesNEW: U.S. stocks open down ahead of a highly anticipated decision from the Federal Reserve on interest rates.
Consulte Mais informação »
Stock History Makes Case for Limited Rate CutsInvestors and politicians jockeying for a long cycle of interest-rate cuts from the Fed should be careful what they wish for: History has shown that stocks tend to fare well with a more measured approach
Consulte Mais informação »
Fed approves quarter-point rate cut but is divided on further action this yearFED DECISION: The U.S. Federal Reserve has voted to cut rates by 0.25%.
Consulte Mais informação »
Everyone thought the Fed would cut rates. The market is no longer so sureJust about everyone predicted the Federal Reserve would cut interest rates on Wednesday. But the market no longer thinks so. The expectation on Wall Street is that the central bank will leave rates unchanged when it releases its policy statement.
Consulte Mais informação »
US Treasury yields fall ahead of Fed decisionU.S. government debt yields fell Wednesday morning as traders geared up for the latest rate decision from the Federal Reserve.
Consulte Mais informação »