fed cuts

A widely-expected rate cut from a divided Fed doesn’t seem like enough to give the market much of a lift, at least judging from weakness in futures early Thursday. After the Fed cut rates 25 basis points yesterday, focus now could turn back toward the stuff everyone was talking about before...

The Fed’s not in the business of delivering surprises. That’s why today’s 25-basis point rate cut—the second in less than two months after 10 years without one—probably came as most investors expected. The benchmark fed funds rate is now in the 1.75% to 2% range, back...