The Fed made its second interest rate cut of the year, and borrowers could soon start feeling relief. The Federal Open Market Committee opted for a quarter-point cut in its announcement on Wednesday.

The rate went from 4.1% to about 3.9%. The central bank had cranked its rate to roughly 5.3% in 2023 and 2024 to combat the biggest inflation spike in four decades Big picture view: The Fed stayed ...

The Fed announced a quarter-percent cut Wednesday, even as the government shutdown disrupts major data releases. The second rate reduction of the year is in alignment with expectations: CME FedWatch ...

As expected, the Federal Reserve made another move on Wednesday, cutting its benchmark interest rate by a quarter point for the second time in less than two months. It’s the second time the central ...

After weeks of anticipation, the Federal Reserve trimmed its benchmark interest rate today, dropping the benchmark rate by another 25 basis points, marking its second rate cut of 2025. The move, which ...

The Federal Reserve is set to cut its benchmark interest rate for the second consecutive month on Thursday in an effort to further ease inflationary pressures that have concerned American consumers ...

The Fed cut interest rates in its October meeting for the second time this year. Rate cuts could ease mortgage and credit card borrowing costs for consumers. It could also become easier for companies ...