For the first time ... Reserve's benchmark, short-term rate was scaled back by a half percentage point. The previous 23-year high remained stagnant since July 2023 until September's meeting ...
The Federal Reserve ... marks the second time the Fed’s lowered rates this year in its continued focus on getting the inflation rate closer to an average 2%. December's meeting is expected ...
In the wake of the November 5 election, the Federal Reserve had its next scheduled meeting. In September, the Fed cut rates for the first time after a series of rate hikes to address post-pandemic ...
Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.
Fed Chair Jerome Powell said officials could speed up or slow the pace of rate cuts depending on how the economy and inflation evolve. Ahead of this week's meeting, this is the Federal Reserve's ...