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Breaking: USD Rocks As Fed Cuts Rates - Business - Nairaland

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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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