The Federal Reserve announced on Wednesday the first interest rate cut since 2020, a half-percentage

The Fed’s policymakers also signalled that they expect to cut their key rate by an additional half-point in their final two meetings this year.

The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the onset of the Covid-19 pandemic, sharply lowering borrowing costs shortly before November's presidential election.

WASHINGTON — 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 helped tame inflation but that also made borrowing painfully expensive for American consumers.

The US Federal Reserve lowered its key lending rate by a deeper-than-expected 0.5 percent, in its first rate cut in more than four years. The move indicates that while monetary policymakers are confident…

The Federal Reserve 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 borrowing painfully expensive for consumers.

Dramatic shift comes after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers

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 but also made borrowing painfully expensive for American consumers. The rate cut, the Fed’s first in more than four years,…

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 helped tame inflation but that also made ...

The Federal Reserve cut its benchmark interest rate by half a percentage point [non-paywalled source] on Wednesday and signalled more reductions would follow, launching its first easing cycle since the onset of the pandemic. Financial Times: The US central bank's first cut in more than four years le...

WASHINGTON—Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual…

The Federal Reserve slashed US interest rates by 50 basis points, its first cut in four years, lowering the benchmark rate to 4.75-5.00 percent. The move, double the typical 25 basis point adjustment,…

Move expected to be only the first in a series of rate cuts that will extend into 2025

Move expected to be only the first in a series of rate cuts that will extend into 2025

The rate cut ends a 14-month period where rates were held steady. This duration is longer than three of the last six Fed 'hold' periods but falls short of the 15-month pause before the 2007-2009 financial crisis.

The US central bank surprised markets with a half percentage point interest rate cut.

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 but that also made borrowing painfully expensive for American consumers.

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in...

NEW YORK :The dollar edged higher in choppy trading after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2 per cent annual target.The Fed cut the overnight rate to the 4.75 per cent-5.0