Free Trial

MNI FOMC REVIEW: Fed Makes 'Mid-Cycle...........>

FED: MNI FOMC REVIEW: Fed Makes 'Mid-Cycle Adjustment' to Rates
- The Federal Reserve on Wednesday cut interest rates for the first time since
the financial crisis and signaled additional adjustments may be in store to keep
U.S. growth on track amid muted inflation pressures, trade tensions and a global
slowdown. But Jay Powell's uneven defense of the committee's decision elicited
swings in market pricing, with the S&P 500 down sharply at one point and rate
cut odds for the rest of the year trading in a broad range as traders struggled
to parse the Fed chair's message.
- For full story see MNI Main Wire at 22:50 BST 07/31 or contact for access.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.