Source: www.wlsam.com - Wednesday, July 31, 2019
For the first time since 2008, the Federal Reserve is cutting interest rates. Fed chairman Jerome Powell announced on Wednesday that the its key interest rate would drop by one-quarter of a point. Powell called the cut a “midcycle adjustment” but wouldn’t guarantee further cuts. Wall Street reacted negatively to the announcement, with the Dow Jones dropping by 470 points before rebounding in the afternoon. Source: https://ift.tt/2GRX3xZ
Source: Breaking News
For the first time since 2008, the Federal Reserve is cutting interest rates. Fed chairman Jerome Powell announced on Wednesday that the its key interest rate would drop by one-quarter of a point. Powell called the cut a “midcycle adjustment” but wouldn’t guarantee further cuts. Wall Street reacted negatively to the announcement, with the Dow Jones dropping by 470 points before rebounding in the afternoon. Source: https://ift.tt/2GRX3xZ
Source: Breaking News
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