The Trader 

Market Outlook: Fed explains why it cut rates October 29-30th FOMC

The Trader

The Fed Funds target now stands at 1.5 to 1.75 per cent because of global developments and muted inflation pressures, business fixed investment and exports remaining weak; two committee members felt there was no need for a 25 basis point cut. They also admitted that there were uncertainties around their current outlook for the US economy.

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