As expected, the Federal Reserve on Wednesday (Sep. 18) lowered the target range for the federal funds rate to 1.75-2% but offered few signals on the next move. It was the second rate cut this year, amid global trade and growth concerns and muted inflation pressures. Policymakers’ projections for the economy were little-changed, with growth seen at a slightly higher 2.2% this year and 2% through 2020.

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