|
|
|
|
Cut to the Chase: The Reality of Rate Cuts
(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)
The Federal Reserve cut its benchmark lending rate by a quarter point at the end of the Federal Open Market Committee meeting on Wednesday, which is the second rate cut in the last decade, following their last quarter-point cut on July 31 this year. Investors may now be searching for clues about the Fed’s future plans given Wednesday’s announcements.
