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NewsBreak: Fed Cuts Interest Rates by Quarter Point

Published 18/09/2019, 18:56
© Reuters.
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Investing.com - The Federal Open Market Committee lowered its benchmark interest rate by 25 basis points Wednesday.

  • The FOMC cut rates to a range of 1.75% to 2% from 2% to 2.25%.

  • The market had been pricing in more than a 70% chance the Fed would cut by a quarter point.

  • The S&P 500 fell 0.5%, compared with a 0.2% loss before the announcement.

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