Fed slashes interest rates, but issues mixed forward guidance

Fed cuts interest rates as inflation, housing costs strain Americans 41NBC News

(NBC)- The Federal Reserve delivered new economic relief this morning, cutting interest rates by a quarter point in an effort to support borrowing and stabilize the slowing economy. Fed Chair Jerome Powell said the latest move reflects signs of improvement across key sectors. “Economic activity has been expanding at a moderate pace,” Powell said. “Consumer spending appears to have remained solid, and business fixed investment has continued to e…

Fed slashes interest rates, but issues mixed forward guidance

The Federal Reserve slashed interest rates on Wednesday, but prospects of more rate cuts still remain uncertain, according to analysts.