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Federal Reserve cuts interest rates by 0.25 points

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Federal Reserve cuts interest rates by 0.25 points
July 31
20:00 2019

The expectations of financial markets and most analysts have come true. The FOMC has reported on the decision to cut the interest rate to 2-2.5%. It’s the first time since 2008.

The talks about possible cutting of the rates appeared long ago. The regulator has made it clear several times that this scenario is highly likely. At the last Fed meeting, there was nothing about “patience” when speaking about the decision on the interest rate.

The regulator’s board did not wait for any special signals and cut the rate. They did it out of concern for maintaining price stability and supporting the market. Events in the global economy and low inflation have also played a role.

The Federal Reserve was criticized by many, including the American president. He said that the policy of the regulator was strict, citing the example of the Central Bank of the EU and China.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

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