Breaking News: Fed delivers third rate cut this year

View in your browser     Fed delivers third rate cut this year The Federal Reserve announced Wednesday that it would cut interest rates for the third consecutive time this year as the U.S. economy continues to slow amid a global slump. The central bank’s policymaking arm, the Federal Open Markets Committee (FOMC), voted 8 to 2 on Wednesday to cut its baseline interest rate range by 0.25 percentage points to a 1.5 to 1.75 percent target. The FOMC also kept the door open to future rate cuts later this year, saying in a statement that the Fed remains ready to “act as appropriate to sustain the expansion.” Read the developing report 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.