US Federal Reserve Lowers Main Benchmark Rate by a Quarter Point
America's Federal Reserve has rolled out a reduction in its key interest rate by a quarter point, marking the first such move so far this year.
Investor Reaction Tepid
Investor sentiment to the move and following press conference has been fairly muted.
The three main indexes briefly climbed before surrendering the advance during Fed commentary.
Consequently, the Dow Jones unchanged, the S&P 500 off by 0.6 percent, and the Nasdaq off by about one percent.
Mixed Perspective for Markets
Investors generally favor cheaper borrowing—however a slowing growth is also a concern.
And while the jobless rate remains low, Powell has stressed negative factors to the labor market post-summer deceleration.
