This month, under the guidance of Jerome Powell, the Federal Reserve announced it is cutting rates for the first time since the 2008 financial crisis. This rate cut of 25 basis points is a decline from 2.5 percent to 2.25 percent. Powell’s reasoning for the rate cut was to provide a “mid-cycle adjustment” in an attempt to both stabilize the economy and create further growth in the market without facing the possibility of heading into a recession in response to weak global growth and trade policy uncertainty. Read More.