...And Here Comes That Rate Cut: "The Fed said in a statement... - NBC Southern California

...And Here Comes That Rate Cut: "The Fed said in a statement...

    Winter Olympics PyeongChang 2018 Medal Count
    Country
    Total
    1
    Norway
    13121035
    2
    Canada
    108826
    3
    Germany
    137525
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    NEWSLETTERS

    "The Fed said in a statement that, because of weakening economic activity, it had cut the Federal funds target rate by half a percentage point, to 1.5 percent. It also cut its discount rate by the same amount. The vote was unanimous. The European Central Bank cuts its benchmark rate to 3.75 percent, from 4.25 percent." Also, the phrase "stanch the bloodletting" or some version quite popular with the media these days. [NY Times]

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