The Fed’s rate cut trio, made on October 30, was widely anticipated by Fed watchers. The Fed’s rate-setting committee, known as the FOMC committee voted 7-3 to cut the Fed fund rates a third time this year by another 25 bps to 1.5%. What is becoming clear is that even policy makers don’t see eye to eye with the direction of monetary policy going forward. Put simply, the Fed’s rate cut trio was not unanimous,...
Read More
Recent Comments