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Fed cuts rates for second time in three months:Our perspective on today’s Fed decision

Posted by E Trade on Thursday, September 19, 2019

 
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Fed spotlight
 
Fed cuts rates for second time in three months
In a widely anticipated move, the US Federal Reserve today announced that it would cut the federal funds rate by a quarter of a percentage point to a target range of 1.75%–2.00%. 

While the US labor force continues to grow, today’s move may signal a concern by the Fed that tariffs and a slowdown in global growth could dampen the US economy. Lower rates can potentially offset weakness by encouraging lending and investment. 

For details on what this news might mean for the markets and your portfolio, check out our latest commentary below.
 

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