The Fed said in a statement that the decision to lower rates was influenced by the "implications of global developments for the economic outlook" and "muted inflation pressures."
The escalating measure follows several days of heightened tensions between the two countries over the attack on oil facilities in Saudi Arabia over the weekend.
In the shadow of the Washington Square Arch Monday night in front of a crowd of thousands, the presidential hopeful outlined her platform to fight corruption in Washington D.C.
Governments and energy markets worldwide remain on edge Monday as the U.S. continues to blame Iran for the drone attack on two oil installations in Saudi Arabia over the weekend.
The détente emerged Wednesday after China approved tariff exemptions for a number of U.S. imports and President Trump announced that the U.S. will postpone its forthcoming tariff hikes.
Reporter's Notebook: While Houstonians may be used to weather in the 90s in mid-September, perhaps some of Thursday night's hottest takes happened on the debate stage, as the gloves came off between the top ten Democratic primary candidates.
In the wake of two mass shootings last month in Texas, gun control took center stage at the third Democratic debate Thursday night, and gave former Congressman Beto O’Rourke one of the best moments of his campaign.
Walsh, a former Congressman from Illinois and conservative radio host, launched his campaign last month by trying to make the case that Trump is uniquely and morally unfit to lead the nation.
