Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

NewsBreak: Fed Cuts Interest Rates by Quarter Point

Published 09/18/2019, 01:56 PM
Updated 09/18/2019, 02:14 PM
© Reuters.

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 vote was 7-3, with one FOMC member calling for a 50 bps cut and two others voting for no change.

  • 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.

Latest comments

Any hope of Gold going beyond 1480
you have to mention the direction, up or down?
In the US, beyond usually means over.
is silver going up?
no cut. fake news. dont spread if it not true
I'm new to forex trading and I'm happy I can get help from good people on here.
is it positive for market?
is it good for market?
already digested
cut rate won't help. trade agreement with china will do.
Plung protection team hard @ work
NZDUSD will up or down?
Fed caves to the political pressure so much for being independent.
Jerome will get a spanking from Trump.
And he’ll like it.
This will surely affect Dow in some way
Trump's economy is so great that they have to keep lowering interest rates. What a flipping joke 2% interest the greatest economy ever
so that means the market is or will drop??
it will drop for a few days then come back up. the market has been flat lining between 2850 and 3000 for months now. the rate cut will encourage stagnation
market is like women always excited always uncertain, always volitile... if you predict it always turn on the opposite side..
what is the effect for bullion ....due to this interest rate
Market meltdown if they cut only 25 basis, atleast 50 market wants
Usd strong?
And will keep cutting till zero.
Does this mean XAU/USD will rise?
Okay
buy at 1495
thanks bro
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.