Federal Reserve Cuts Interest Rates by a Quarter Point, Expects More Reductions This Year

With your Fed decision. Here is my make. The answer to your question, John, is a quarter percentage point cut as expected.But Fed officials also see two more cuts this year in October and December, according to the new DOT plot. There was one dissent, and that is from Stephen Myron, the Trump representative on the board who wanted no cuts. This he wanted rather, to cuts this time 50 basis points next year.The committee sees only one cut so far, but the dispersion is very wide and the very bottom for next ye ...