Breaking News: Fed delivers second rate cut to head off global risks

View in your browser     Fed delivers second rate cut to head off global risks The Federal Reserve announced Wednesday it would cut interest rates for the second consecutive time this year to protect a record stretch of U.S. prosperity from looming foreign risks. In a statement following a two-day meeting in Washington, the central bank’s rate-setting Federal Open Markets Committee (FOMC) said it would cut interest rates by 0.25 percentage points to a 1.75 to 2 percent baseline range. The decision marks the second time since July — and the 2008 recession — that the Fed has moved to ease borrowing costs. But the cut may do little to appease President Trump, who has derided the Fed’s efforts to defend the U.S. economy from factors largely driven by his trade battles. Read the full story here         Did a friend forward you this email? Sign up for Breaking News     Forward Breaking News     You Might Like       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2019 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.