The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

Thursday, September 5, 2019

Fed Lines Up Another Quarter-Point Rate Cut - WSJ

Federal Reserve officials are gearing up to reduce interest rates at their next policy meeting in two weeks, most likely by a quarter-percentage point, as the trade war between the U.S. and China darkens the global economic outlook.

The idea of an aggressive half-point cut to battle the slowdown hasn’t gained much support inside the central bank, according to interviews with officials and their public speeches.

While market-determined interest rates have tumbled, signaling a dimmer outlook for growth and inflation, many Fed officials believe that the 10-year U.S. expansion can continue at a modest pace and inflation will gradually rise to their 2% target.

via www.wsj.com

I can't seem to get my flint to strike a spark. What are those obnoxious fumes anyway?

https://rightcoast.typepad.com/rightcoast/2019/09/fed-lines-up-another-quarter-point-rate-cut-wsj.html

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