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The Federal Reserve has cut interest rates for the second time this year

Tracy Chen

Summary: On September 18, The Federal Reserve announced its second rate cut this year, cutting the target federal funds rate by 25 basis points to 1.75% to 2.0%. Mr. Powell also promised at the news conference that the fed would take a series of interest-rate cuts if conditions permit, but he didn't think that was necessary ...

On September 18, The Federal Reserve announced its second rate cut this year, cutting the target federal funds rate by 25 basis points to 1.75% to 2.0%. Mr. Powell also promised at the news conference that the fed would take a series of interest-rate cuts if conditions permit, but he didn't think that was necessary yet.

Author：Tracy Chen

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Tags: Federal Reserve
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