In the aftermath, economists and traders moved to adjust their forecasts and wagers to account for the Fed’s new narrative.

The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week and is now at its lowest level since early ...

In the short term, the reduction will lead to slightly lower interest rates on mortgages, auto loans, and credit card debt.

(KNSI) - The Minnesota Bureau of Criminal Apprehension has canceled two missing persons alerts after both were found safe.

Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 0.5% percentage point cut by t ...

Fed Chair Jerome Powell’s remarks following the Federal Open Market Committee’s (FOMC) move to cut its benchmark lending rate ...

Wall Street rallied on Thursday with the Dow and S&P 500 hitting another intraday record high — a day after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and ...

President Biden will celebrate the progress of the American economy, but stop short of declaring victory, senior advisors told ABC News on a call previewing the remarks.

On Wednesday, Fed Chair Jerome Powell announced that the central bank would begin cutting Fed interest rates, starting with a ...

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto ...

The cut sets the federal funds rate target range at 4.75% to 5%. The effect could be especially good for variable and indexed ...