Fed Cuts Interest Rate by a Quarter Point

Bessent said recently that he thinks Powell should finish his term. The Fed’s main tool is its key interest rate, which influences borrowing costs across the economy. That tool is used to guide ...
The central bank is widely expected to make its third interest-rate cut of 2024 Wednesday, at its last meeting of the year.
The news: The Federal Reserve on Wednesday delivered its third interest rate reduction in three months, but it bundled the ...
The Federal Reserve lowered its benchmark interest rate by a quarter point Wednesday, a move that forecasters had ...
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at ...
The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate ...