Fed Abandons Its New Monetary Policy Framework With 25 Basis Point Rate Cut

分组1 - The Federal Open Market Committee (FOMC) announced a reduction in the Fed Funds Rate by 25 basis points, bringing it to a range of 4.00% - 4.25% [1] - Michael Gray, a seasoned professional in capital markets and fixed income asset management, founded Gray Capital Management LLC and previously served as Head of Taxable Fixed Income at Fidelity Investments [1] - Michael Gray holds an MBA in Finance from Wharton and a BA in Economics from Union College, indicating a strong educational background in finance and economics [1]