On Wednesday the Federal Reserve Open Market Committee dropped US interest rates for the second time in 2 months, by a quarter of a percentage point.
Fed Chairman Jerome Powell said the US economy is strong but that if the economy weakens, the Fed could pursue a "more extensive sequence" of rate cuts.
President Trump, who wants interest rates cut to zero or below, expressed disappointment in the Fed's action.
Stocks ended slightly higher on the day, probably indicating that the rate cut came as no surprise to investors.
Companies continue to hire, and wages continue to rise.
How might the escalating US-China trade war impact the US economy and tourism in coming months? Stay tuned.
