Fed: Further 25bps cut at October meeting

The US Fed cut rates by 25bps at its FOMC meeting, bringing the upper bound of the Fed funds rate down to 4.00%, and announced the end of its quantitative tightening programme from December 1.
The ongoing government shutdown has complicated the Fed's job by limiting official data collection.
The 25bps rate cut by the Fed has been matched by most GCC central banks, which should positively impact the GCC economies by supporting both households and businesses.

Daniel Richards