The Federal Reserve moving ahead with its first rate cut in four years on Wednesday, lowering its key interest rate by a hefty half percentage point. With the slowing labor market posing a growing ...

The Federal Reserve is delivering on its highly anticipated interest rate drop. The central bank on Wednesday voted to lower rates by a half point in its first cut since the pandemic. The move puts ...

The Federal Reserve on Sept. 18 cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made ...

After sustaining a 23-year high for over a year, the Federal Reserve has elected to slash the federal funds target rate by half a point, dropping from a range of 5.25 ...

The Federal Reserve slashed its key lending rate by half a percentage point — the high end of expectations on Wall Street — in a bet that the wobbly jobs market has become a bigger risk to the economy ...

For the first time since the early days of the coronavirus pandemic, Federal Reserve officials cut interest rates and signaled that even more could be coming. In a more aggressive move than expected, ...

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation ...