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re: Why would the Fed lower the interest rate today?

Posted on 7/31/19 at 1:16 pm to
Posted by Pvt Hudson
Member since Jan 2013
3625 posts
Posted on 7/31/19 at 1:16 pm to
The argument made in response to my post was that I should somehow feel bad that the Greeks have a lower base rate than the US.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124688 posts
Posted on 7/31/19 at 1:27 pm to
quote:

the Greeks have a lower base rate than the US.
Are you being intentionally dense?

I ask because I'm trying to understand whether it's worthwhile discussing. The FOMC voted 8-2 to drop rates. Several members were contemplating a 50BPS cut. 25BPS was not a close call. You wondered why. I told you.
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