In the News

Fed cuts rates again, gives mixed signals for next move

(Yahoo Finance) The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next.

JOHN DOYLE, VICE PRESIDENT OF DEALING AND TRADING, TEMPUS INC., WASHINGTON

“I think the divide will be the story: two for no cut and one for a 50 basis-point cut. The first triple dissent since 2016 will have us all scratching our heads which is partially responsible for the dollar’s choppiness.”

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