A Halloween Treat from the Fed
Yes, the Federal Reserve handed out the monetary candy that the markets were expecting on Halloween, a quarter-point cut in the federal funds rate target to 4.5% from 4.75%. No, it wasn't an easy decision. Central bankers are notoriously reluctant to cut rates too far, and the latest easing has at least the potential to overstimulate an economy that's already running at a brisk pace.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This $14 Million Atlanta Home With Bunker Is ‘Safest in America’
- Separatists Pledge to Fight On After Spain Moves to Oust Catalan Leaders
- These Cities Make NYC Housing Look Dirt Cheap
- GE's New CEO Vows Sweeping Change After ‘Unacceptable’ Report
- Greenwich Mansion Listings Pulled to Wait for a Better Day