The US Federal Reserve once again cut interest rates by a quarter percentage points, the third intervention for 2019. Thus, the basis interest rate has been lowered to a target of 1.5-1.75%. The Fed has also signalled the decision may be the last one in this series of quantitative easing.
The Fed lowered the interest rate after a series of overnight and short-term liquidity injections. The lowered interest rate has the aim of releasing more liquidity into the economy, as well as make the US dollar more competitive.
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