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

FED
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
sales@marketnews.com for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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