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Nairaland Forum / Nairaland / General / Business / Breaking: USD Rocks As Fed Cuts Rates (327 Views)
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Breaking: USD Rocks As Fed Cuts Rates by Michael11stock(m): 7:07pm On Oct 30, 2019 |
https://www.enbaz.com/2019/10/breaking-usd-rocks-as-fed-cuts-rates.html The Federal Reserve was expected to cut interest rates for the third time in a row and the all within a span of three months. Jerome Powell, Chairman of the Federal Reserve, described that first July reduction as a "mid-cycle adjustment" – playing down its importance. However, further moves that came amid concerns about the global economy already looked more worrying. Today's fresh Gross Domestic report for the third quarter has shown a marginal disappointment with 1.9% annualized growth in the third quarter. The Fed is incorporating all data. -- more to come https://www.enbaz.com/2019/10/breaking-usd-rocks-as-fed-cuts-rates.html
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