By the end of 2024, interest rates will fall nearly another half of a percentage point from their current level of between ...

Prominent Republicans have questioned the timing and size of the Fed rate cut ahead of the November presidential election.

There is little historical experience to guide policymakers or investors, because the current economic cycle is like no other ...

President Biden says he has "never once spoken to the chairman of the Fed since I became president," despite a May 2022 ...

Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut.

The federal funds rate is the interest banks charge each other for overnight loans. Set by the Federal Reserve, it's a basis ...

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation ...

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after ...

The FOMC too often speaks with one voice, an oddity in its history and for central banks globally.

Some forecasters expect the Fed to cut interest rates by a quarter-point Wednesday. Most, however, expect a half-point ...

The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.

The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.