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To Cut Or Not To Cut

The Primary: Federal Reserve Chairman Jerome Powell announced that the Federal Reserve lowered interest rates by a quarter percentage point on Wednesday. 

  • Who? What? Why?: The move was an attempt to try to buffer the economy from the dreaded "R" word 🤫(recession...oops) amid signs of a global economic slowdown exacerbated by the U.S.-China trade war. 

  • The Baseline: Now, the question is whether another cut is coming. “Mar­kets have been look­ing to the Fed for more con­crete promises of rate cuts, but Mr. Pow­ell has been re­luc­tant to make any," reports the WSJ. "The trade-re­lated risks are out of the Fed’s con­trol and dif­fi­cult to pre­dict, and of­fi­cials are di­vided over how to re­spond." 

  • What Trump had to say: “Jay Powell and the Federal Reserve Fail Again,” Trump tweeted. “No ‘guts,’ no sense, no vision! A terrible communicator!”

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