After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
following an even larger rate cut in September. Its September meeting marked the first time the Fed had cut its rates in ...
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.
The Fed controls one interest rate: the federal funds rate, the short-term rate banks use to borrow from each other. The ...
The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after ...
After the Federal Reserve's interest-rate cut of a quarter percentage point Thursday, markets are already looking ahead to ...
The decision was unanimous. The statement also noted that economic growth remains solid, while inflation continues to move ...