The Federal Reserve reducing interest rates by an expected quarter point to a new range of 3.5% to 3.75%. There were three descents, the first time that's happened since September 2019. Two were against the cut, including Chicago Fed President Austin Goulby along with um Kansas City Fed President Jeff Smith.His second descent in a row. Also another disscent for a 50 basis point cut from new Fed governor on loan from the administration Steven Myron. To recap, the vote was nine for cutting a quarter, two agai ...

25 basis point rate cut. The Federal Reserve lowering their benchmark interest rate by a quarter percentage point to a new range of three and a half and three and three/4ers, marking the third rate cut in a row this year. Officials see just one rate cut next year.Now, this was a split decision with dissents on both sides. Austin Goulsby of the Chicago Federal Reserve and Kansas City Fed President Jeff Schmid both favored holding rates steady instead of cutting. On the flip side, Steven Myron, the Fed govern ...

Let's get to Bloomberg's Michael McKee with that Fed rate decision. The most divided Fed since before the pandemic voted to lower the benchmark rate by 25 basis points as investors expected. But there were three dissents for the first time since 2019.And on the dot plot, a total of six members of the committee suggested they were not in favor of lowering rates. There's also a hawkish line in the statement in considering the extent and timing of additional adjustments to the target range, bringing back langu ...

US central bank cuts interest rates for third time this yearFollow live https://t.co/0jfoSeNIhj ...

Breaking: The Fed cut rates but signaled reluctance to ease further. Three dissents underscored diverging views on the path forward. https://t.co/XhK0MB8xUk ...

RT unusual_whales (@unusual_whales)BREAKING: The Fed has cut by 25 BPS. ...

JUST IN: 🇺🇸 The US Federal Reserve will cut interest rates by another 25 basis points, its third rate cut of the year. https://t.co/u4soXiMSkW ...

🇺🇸 BREAKING: Jerome Powell and the Federal Reserve have decided to cut interest rates by 25bps. https://t.co/wkFcEhdZmz ...

🚨 BREAKING: The Federal Reserve has cut interest rates by 25 basis points. https://t.co/aYcisO3PFV ...

RT Bloomberg Opinion (@opinion)LIVE NOW: It’s Fed Day! Policymakers are expected to cut rates by 25 basis points, but what will they signal about the path ahead?🎥 Tune in as @JonathanJLevin joins @Claudia_Sahm and @AllisonSchrager for analysis https://t.co/UP7Z2ybT22 ...