Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

Fed was divided on rate cut, wanted to avoid appearing on path for more cuts Minutes from the two-day meeting released on Wednesday showed policymakers#39; ultimate decision to lower the central bank#39;s benchmark interest rate by a quarter percentage point drew more opposition than was reflected in the rate-setting panel#39;s 8-2 vote, announced after the meeting adjourned on July 31.

from Moneycontrol World News https://ift.tt/2MveZmj
Fed was divided on rate cut, wanted to avoid appearing on path for more cuts Fed was divided on rate cut, wanted to avoid appearing on path for more cuts Reviewed by VidhanSabha on August 22, 2019 Rating: 5

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