Fed lowers interest rates as it struggles to assess state of US economy without key government data
- Written by Jason Reed, Associate Teaching Professor of Finance, University of Notre Dame
Markets were expecting the Fed to cut rates a quarter point.
AP Photo/Seth WenigWhen it comes to setting monetary policy for the world’s largest economy, what data drives decision-making?
In ordinary times, Federal Reserve Chair Jerome Powell and voting members of the Federal Open Market Committee, which usually meets eight times a year,...










