Fed Cuts Rates for Second Straight Meeting
The Federal Reserve has cut interest rates for the second consecutive meeting. It will also stop shrinking the central bank's portfolio of assets beginning Dec. 1. Policymakers lowered the target...
By Bloomberg Markets · Bloomberg Markets
The Federal Reserve has cut interest rates for the second consecutive meeting. It will also stop shrinking the central bank's portfolio of assets beginning Dec. 1. Policymakers lowered the target range for the federal funds rates by a quarter percentage point to 3.75%-4%. Bloomberg's Michael McKee reports. (Source: Bloomberg)