Fed rate cut unsurprising in context of China and Europe devaluations, weak inflation:
http://dailytorch.com/2019/08/fed-rate-cut-unsurprising-in-context-of-china-and-europe-devaluations-weak-inflation/
The Federal Reserve is cutting its key interest rate to a range of 2 percent to 2.25 percent, the central bank announced on July 31, citing slowing inflation. The decision was also coupled with the decision by the Fed to stop selling securities back to the market sooner than expected, and comes as China continues to devalue the yuan another 3 percent in response to the imposition by President Donald Trump of 25 percent tariffs on up to $250 billion of goods shipped to the U.S., and Europe’s recent statement in June that it could be preparing to cut interest rates. Should we expect more rate cuts, or is this it for now?
