Thursday, August 1, 2019

US rates cut as expected but investors upset it might be a one-off

The US Federal Reserve has delivered on expectations by cutting interest rates by a 0.25 percent. 

It's the first reduction in a decade when the Fed was slashing rates at the height of the global financial crisis. 

Wall Street stocks dropped in response when chairman Jerome Powell said the decision was not the start of a lengthy cutting cycle. 

ABC's Peter Ryan analyses the decision.

No comments:

Post a Comment

What's your view on this?