The Fed applies third consecutive cut to interest rates
The expected decision finally arrived: the Federal Reserve announced on Wednesday, the third consecutive 25-point cut in interest rates in the United States, amid persistent concerns about the slowdown in the global economy and trade tensions, a decision that the markets took for granted for days.
The central bank announced a reduction of 25 basis points to interest rates to take them to a range of 1.50% and 1.75%, from the level at which they were previously, of 1.75% and 2.00%.
This is the third rate cut, after a cut of 25 basis points was applied for the first time in almost a decade in July. Subsequently, came the second adjustment in rates, last September, when another reduction of 25 basis points was applied amid pressures from both the president of the United States, Donald Trump, and the market.
For Gabriela Siller, Director of Economic and Financial Analysis of Banco Base, these decisions have not been taken looking at inflation, employment or economic growth, but based on how liquidity has been moving in the United States.
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