Fed Looks Locked In for Quarter-Point Cut: Decision Day Guide
Posted on AllSides July 31st, 2019
From The Left
The Federal Reserve is widely expected to lower interest rates by a quarter-point at its meeting that concludes Wednesday and leave the option open for additional moves despite demands by President Donald Trump for a “large” rate cut.
“We may get a dissent or two, but it seems like a 25-basis-point cut is pretty much locked in,” said Julia Coronado, president and founder of MacroPolicy Perspectives LLC in New York.
The Federal Open Market Committee will issue a policy statement at 2 p.m. after the two-day meeting concludes and Chairman...
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