Wednesday, July 31, 2019

Fed cuts rates, signals it may not need to do more

Fed cuts rates, signals it may not need to do more Fed Chairman Powell cited global weakness, simmering trade tensions and a desire to boost too-low inflation in explaining the central bank#39;s decision to lower borrowing costs

from Moneycontrol Business News https://ift.tt/2GF16xf

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Dollar stays near 18-month high as Mideast conflict, inflation data in focus

The dollar's steadiness reflects a cautious market responding to geopolitical stresses in the Middle East, which have dampened investor ...