As anticipated, the Federal Reserve announced that it will lower interest rates by 25 basis points on July 31. The Fed cited what it called “implications of global developments” and “muted inflation pressures” as factors in its decision to lower the benchmark federal funds rate even as the U.S. economy is in the midst of its longest sustained period of economic growth. On August 1, the 10-year Treasury rate decreased to 1.90% on the news. In addition, President Trump announced he will add a new 10% tariff on $300 billion Chinese-made products on September 1 after negotiators failed to kick…
Greysteel's Dallas team members and interns joined forces with Feed My Starving Children (FMSC) to hand pack scientifically formulated meals for undernourished children, which are distributed to a network of 80+ partners in 60+ countries each.
Greysteel's Washington, D.C. team members joined forces with SOME (So Others Might Eat) on July 11 to help feed the homeless.
The 10-year Treasury rate decreased to 2.00% at the end of June, down 14 basis points from the previous month, on fears of further escalation in trade tensions between the U.S. and China. On July 1st, after the G-20 meeting between President Trump and Chinese leader Xi Jinping, Treasury yields rose slightly after the two agreed to resume trade negotiations. With U.S.-China trade talks back on track, analysts are anticipating a more modest quarter point decrease by the Federal Reserve at its next policy meeting at the end of July.