July 31, 2019 Annual Report - USAA

In June 2019, Fed policymakers remained on hold but said an interest rate cut was possible if the U.S. economic outlook deteriorated, reigniting the U.S. stock market’s rise. The gains continued into July 2019, as investors anticipated a Fed interest rate cut. On July 31, 2019, the Fed cut short-term interest rates and said it would end its ... ................
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