Explained: Divided Federal Reserve set to cut rates this week, but then what? | Explained News, The Indian Express

Explained: Divided Federal Reserve set to cut rates this week, but then what? | Explained News, The Indian Express

By Reuters |San Francisco |Updated: September 18, 2019 10:38:54 am

Explained: Divided Federal Reserve set to cut rates this week, but then what?

An oil price spike after attacks on Saudi Arabian oil facilities over the weekend added to the list of risks facing an economy already slowed by ongoing trade tensions and global weakness.

Since the Fed’s 8-2 decision to cut rates in July, a move that Powell called a ‘mid-cycle’ adjustment, the economic data has delivered mixed signals. (The New York Times: Samuel Corum)

Deep disagreements within the Federal Reserve over the economic outlook and how the US central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that began on Tuesday.