Fed cuts interest rates, Dow Jones finishes flat
NEW YORK, New York - As expected the Federal Reserve cut official interest rates by a quarter point on Thursday resulting in major stock indices extending the Trump-triggered super gains of a day earlier. The Dow Jones however was flat. The U.S. dollar and bond yields fell. The 25-basis points interest rate cut was less than the 50 basis points implemented in September.
"The balance of risks gives the Fed ample r