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Federal Reserve to Return to Stimulus Pump: Global Economy Week
The Federal Reserve is poised to cut interest rates again this week and may still not be done delivering monetary stimulus. Having already reduced their benchmark in July to 2.0%-2.25%, Chairman Jerome Powell and colleagues will lop off another 25 basis points on Wednesday to support the slowing economy, according to a Bloomberg survey of economists. Among the key questions that will be asked of Powell is whether he’s preparing for more than the “mid-cycle” adjustment he previously claimed was underway. Economists for now reckon he will act again this year before leaving the target range at 1.5%-1.75% for an ... (full story)
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