Federal Reserve Cuts Interest Rates for Second Time in 2019

Headline Roundup September 18th, 2019

The Federal Reserve reduced its benchmark lending rate by a quarter of a percentage point Wednesday. It was the second time such a move was made this year.

Some left-leaning voices focused on President's Trump criticisms of Fed chairman Jerome Powell on Twitter; others on the right reported on the stock market's positive trend following the announcement.

Federal Reserve Cuts Interest Rates for Second Time in 2019

From the Right
302

Stocks gained after the Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter percentage point.

The Dow Jones Industrial Average fell to session lows, down more than 200 points following the decision, before charging into positive territory. The S&P 500 fell as much as 0.7 percent and the Nasdaq was down as much as 1 percent.

The Federal Reserve cut its benchmark interest rate by 25 basis points to a range between 1.75 percent and 2 percent after its July reduction was its first in a decade....

Read full story
From the Left
302

The Federal Reserve cut its benchmark lending rate by one-quarter of a point on Wednesday, the second time this year it has reduced rates in the face of a weakening global economy.

The central bank's new interest rate is now 1.75 percent to 2 percent, according to a statement issued after a two-day monetary policy meeting by the Federal Open Market Committee, the voting arm of the Fed.

While President Donald Trump has repeatedly pushed for rates of "ZERO or less" — a move he believes will boost the economy...

Read full story
From the Center
302

The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans’ personal finances, experts say.

That’s because the reduction doesn’t offset the increases of recent years. And as the key rate creeps closer to zero, financial institutions are less eager to pass borrowing benefits along. Lower rates could also further dampen the perks of savings.

As a reminder, the Fed slashed its benchmark rate — which affects a host of consumer and business loans...

Read full story