Fed cuts rates by one-quarter percentage point while hinting at a policy pause

Christopher Condon

10/30/2019

THE FEDERAL RESERVE reduced interest rates by one-quarter percentage point for the third time this year but signaled that it may stop reducing rates for now. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put monetary policy on hold, for one meeting at least. The Federal Open Market Committee altered language in its statement following the two-day meeting Wednesday, dropping its pledge to “act as appropriate…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.