Fed Cuts

  • The Federal Reserve cut interest rates by a quarter-point and signaled that policy is just about where officials want it to be, so there may not be any further reductions on the way.
  • That's prompted traders to trim their bets on any imminent further easing, all of which is unlikely to offer any salve to Fed critic President Donald Trump, who on Tuesday said the Fed “doesn’t have a clue!”
  • The decision complicates the outlook for many Asian central banks and eyes will turn once again to the European Central Bank and its new leader, Christine Lagarde, as skepticism grows about negative rates.

(Source: Bloomberg)