Federal Reserve rate cut likely, but is it a risk?
Fed is set to cut interest rates for the first time in a decade. Is it taking a needless risk?
By MARTIN CRUTSINGER and STAN CHOE, Associated Press
Published: July 29, 2019, 4:11pm
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WASHINGTON — There’s little dispute that the Federal Reserve this week will do something it hasn’t done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate.
This time, by contrast, the economy is solid by most measures. Consumers are spending. Unemployment is close to a half-century low.
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