Economy News Interest Rate Cuts Could Be Coming This Fall, Adding Another Wrinkle To An Election Set To Focus On The Economy

The Fed makes a second interest rate cut. Here’s what will — and won’t — change for your money.

At its October rate-setting gathering, the Federal Open Market Committee (FOMC) lowered its benchmark rate by a quarter of a percentage point to a new target range of 3.75%-4%. That’s the lowest level ... Read More

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring ... Read More

Federal Reserve cuts key interest rate in bid to boost job market

Mixed signals from a weakening job market, stubborn inflation, roaring AI investments and the government shutdown have forced the Fed into a dilemma. Read More

Fed cuts interest rates for 2nd time this year, but rejects large reduction sought by Trump

Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point rate cuts over the remainder of the year. By contrast, Trump has called for ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this ... Read More

The Fed cuts interest rates to bolster job market

The Federal Reserve is making it a little bit cheaper to borrow money. The central bank hopes to prop up the job market. But it's making no promises that rates will fall further in December. Read More

Dollar Could Fall on Prospect of Sustained Rate Cuts

1315 GMT – The dollar could weaken as investors will grow more confident that sustained U.S. interest-rate cuts are coming, Morgan Stanley analysts say in a note. A convergence in U.S. growth relative ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

WASHINGTON — A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more ... Read More