Comment on the Fed's rate cut decision

UK - The Financial Times in London, 28 June, has published a comment on the US Federal Reserve Board's decision to cut it's key interest rate measure by 0.25 percent.

Fed takes a calculated risk

The US Federal Reserve is nothing if not logical - and logic demanded a rate cut. It has already reduced interest rates five times in the past six months in response to the slowing US economy. Economic growth has probably ground to a halt in the second quarter, so another cut was on the cards. Anything

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