Sep 19, 2019 7:00:00 AM | LGT Navigator
LGT Navigator: Fed delivers next interest rate cut
As generally expected, the US Federal Reserve (Fed) lowered its key interest rate again by 25 basis points. Fed Chairman Powell justified the move with the cooling of the global economy and the continuing smoldering trade conflict. The Bank of Japan maintained its already extremely expansionary monetary policy, but also held out the prospect of further easing. Investors are now eagerly awaiting further monetary policy decisions by the SNB, the Bank of England and the Norwegian Central Bank.