Day: September 19, 2019

Here’s how Fed’s rate cut may play out for you

1:59 am September 19, 2019

WASHINGTON: 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 […]

Sharply divided Fed reduces rates but may not cut again this year

1:52 am September 19, 2019

WASHINGTON: A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed’s move reduced its key short-term rate — which influences many consumer and business loans — by an additional quarter-point to a range of […]

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