Federal Reserve Cuts Interest Rates for Second Time in 2019
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From the Right
Stocks charge into positive territory after Fed cuts rates
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....
From the Left
Fed slices interest rates for second time since 2008 recession
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...
From the Left
What the Fed’s rate cut means for you 
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...
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