Fed cuts rates again, but Powell raises doubts about easing at next meeting

[Karma13612]

4. Yea, I was able to squeeze that detail out of a few

google searches:

Courtesy of CNBC:

Federal Reserve policymakers announced a quarter percentage point, or 25 basis point, cut to its overnight lending rate, which will bring the benchmark rate to a targeted range of between 3.75% to 4%.

I added the bolding part above.

It took some digging, and I don’t know why all the media were avoiding that crucial detail. Just giving us the final range of 3.75-4.0% didn’t give us a clue where it started at!! If it had started at like 6%, that would have been a massive cut.

Hope that helps. It matters to me because I have my 401K retirement in a money market account since I couldn’t stomach the stock market after living thru 3 heart stopping crashes since 2000. AFter it was confirmed Trump was the president elect for the 2nd time last November, I made the switch against the advice of my Trump-loving investment advisor. My money keeps edging up a bit at a time now. No more ‘bottoming out’ . I like that. And it is better than a bank account although not as good as a CD. I might do that down the line.