Hearing from Fed Chair Jerome Powell that today's rate cut is simply a "mid-cycle adjustment" appears to be disappointing the stock market, where some investors might have hoped for more hints of additional easing.
Fed's Quarter-Point Rate Cut: Weak Global Growth, Trade Tensions, Muted Inflation Cited
Forbes - 31 Jul 2019 21:29
Hearing from Fed Chair Jerome Powell that today's rate cut is simply a "mid-cycle adjustment" appears to be disappointing the stock market, where some investors might have hoped for more hints of additional easing.
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