# Fed cuts rates for the third time as US economy slows | CNN Business

> The Federal Reserve cut interest rates for the third time this year as the US economy continued to slow amid trade disputes. The federal funds rate now sits between 1.5% and 1.75%, affecting mortgage and credit costs.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/56485-fed-cuts-rates-for-the-third-time-as-us-economy-slows-cnn-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rate cuts tend to weaken the dollar, which can support dollar-priced commodities. The slowing economy signals softer domestic demand for meat and feed.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-30 | [US yields fall after the Fed cuts rates for the third time in 2019](https://feedsoft.ai/events/56486-us-yields-fall-after-the-fed-cuts-rates-for-the-third-time-in-2019.md) | +0.1% | +1.0% |
| DXY | 2020-03-16 | [Federal Reserve cuts rates to zero to support the economy during the coronavirus pandemic \| CNN Business](https://feedsoft.ai/events/54045-federal-reserve-cuts-rates-to-zero-to-support-the-economy-during-the.md) | +3.7% | +1.4% |
| DXY | 2023-12-08 | [Dow surges to new record as Fed signals three rate cuts in 2024 \| CNN Business](https://feedsoft.ai/events/32472-dow-surges-to-new-record-as-fed-signals-three-rate-cuts-in-2024-cnn-business.md) | -0.9% | -1.1% |
| DXY | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |
| DXY | 2023-08-28 | [US dollar eases versus euro as investors ponder Fed, ECB rate paths  - The Business Times](https://feedsoft.ai/events/34786-us-dollar-eases-versus-euro-as-investors-ponder-fed-ecb-rate-paths-the-business.md) | +0.2% | +1.3% |

## Sources

- cnn.com: https://www.cnn.com/2019/10/30/economy/federal-reserve-rate-decision-october

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.