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home / news releases / TYBS - Fed Watch: Third Time's A Charm?


TYBS - Fed Watch: Third Time's A Charm?

By Kevin Flanagan

Once again, as widely expected, the Federal Reserve (Fed) voted to cut rates at its October FOMC meeting. This marks the Fed's third consecutive quarter-point reduction and places the new Federal Funds target in the 1.50% to 1.75% range. The question that now comes to mind is whether the third time's a charm.

Heading into this latest convocation, there was little doubt the Fed had become divided over future policy decisions. This fractured state was on display at the September FOMC meeting - the minutes for that gathering highlighted how some members

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Stock Information

Company Name: Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust
Stock Symbol: TYBS
Market: NYSE

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