Oct 30
FOMC October Meeting — 50 Basis Point Ease
Recession, Lower Inflation, Financial Workout Drives Fed Policy Today the Federal Reserve lowered its target for the federal funds rate by 50 basis points to 1.00 percent, the lowest rate in more than four years. Monetary policy continues to adjust to an environment of economic recession, lower inflation expectations and the imbalance of asset valuations. While talk of recession and credit dislocations are not new, lower gas prices, along with the dip in broader consumer prices, opened the