Another Fed Rate Cut Is Expected After Weak Economic Data

Another Fed Rate Cut Is Expected After Weak Economic Data

The New York Times-Business·2019-10-03 21:46

Key officials said they were open minded about the need for further cuts. Then a flurry of bad economic data rolled in.

Top Federal Reserve officials have said they are open-minded about whether additional interest rate cuts will be necessary in 2019, but recent economic data are putting that equanimity to the test.

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