The Federal Reserve Open Market Committee (FOMC) reduced the federal funds rate by 25 basis points (bps), lowering the target range to 3.5%-3.75%. The move comes after consecutive quarter-point cuts at each of the prior two meetings. There were minimal changes to the statement. However, a slight tweak to the reference to further rate cuts […]The post Fed Delivers on Another Quarter-Point Cut, But Signals Higher Bar for Further Policy Easing appeared first on ActionForex.