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home / news releases / SCHQ - Third Fed Rate Cut Could Be The Last In 2019


SCHQ - Third Fed Rate Cut Could Be The Last In 2019

By James Ong, Director, Derivative Portfolio Management

As expected, the Federal Reserve (Fed) cut the federal funds rate band by 25 basis points from 1.75%-2.00% to 1.50%­-1.75%.1 Changes in the text of the Federal Open Market Committee statement, as well as information provided in the press conference, indicate that the Fed believes it is done cutting interest rates unless economic conditions continue to soften. It has now cut interest rates three times this year, making this mini cutting cycle consistent with the shorter cutting cycles of 1996 and 1998. Fed Chairman Jerome Powell indicated

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Stock Information

Company Name: Schwab Long-Term U.S. Treasury ETF
Stock Symbol: SCHQ
Market: NYSE

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