Economy
September 22, 2019
CRU: Fed Cuts Interest Rates and Embraces Less Clarity
Written by Tim Triplett
By CRU Principal Economist Lisa Morrison
The Fed cut interest rates at the conclusion of its meeting on Sept. 18, 2019, lowering the Federal Funds rate by 25bp to a range of 1.75 to 2.00 percent. This reduction in the Fed Funds rate was widely anticipated by markets and follows a 25bp rate cut in July. What was striking about the information transmitted following the meeting is that the Fed is willing to be less clear about the path forward, which will add even more uncertainty into the current unpredictable policy environment.
