![Schwab Market Update Audio show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/088/409/small/schwab-market-update-audio.png)
Summary: July 31, 2019 U.S. equities finished lower after the Federal Open Market Committee cut the target for its fed funds rate by a quarter-point, as was widely-expected, but comments from Chairman Powell about not having a pre-set path of future cuts hampered sentiment.