Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.

After years of rate hikes in its effort to tame rising inflation, the central bank has elected to do something it hasn’t done since 2020: make a cut. While on one hand the Feds

The Federal Open Market Committee (FOMC) wrapped up its regularly scheduled two-day policy meeting by cutting the short-term federal funds rate by 50 basis points (bps), or 0.5%, to a target range of 4.75% to 5%. Markets were essentially split on whether the Fed's rate-setting committee would ease by 25 bps or 50 bps heading into the decision.