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After months of speculation and intense pressure by President Trump, Federal Reserve Chair Jerome Powell announced on Wednesday, Sept. 17, that the central bank would cut interest rates by 25 basis points.
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Dow closes up 250 points, S&P 500 inches lower after Fed delivers widely expected rate cut: Live updates CNBCStock market today: S&P 500, Nasdaq slip as Federal Reserve ushers in first rate cut of 2025 Yahoo FinanceWhy stocks are falling as the Fed issues its first rate cut of 2025 Business InsiderFed Meeting Today: Interest Rates Cut by a Quarter-Point; Dow Closes Higher — Live Updates The Wall Street Journal
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The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was "a challenging situation," the central bank chair said.
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Savers and cash investors fell in love with certificates of deposit in recent years, but some financial advisers say it's time to look around.
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The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.
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Markets await the Fed's rate cut decision and guidance, while China bans Nvidia AI chips, TikTok's U.S. ownership deal advances, and StubHub launches its IPO.
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The Fed's dot plot, which shows 19 individual members' expectations, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026.
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The Fed cuts rates by a quarter-point cut, navigating White House pressure and balancing a softer job market with stubborn inflation.
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Fed Meeting Live Updates: Interest Rates and Economic News The New York TimesFed set to announce first rate cut in nine months as Trump continues to push for influence CNNFederal Reserve poised to cut interest rates NBC NewsFed expected to cut rates, update views of Trump economic plan with new projections Reuters
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The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
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Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.
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What house hunters, job seekers, credit-card users, car shoppers and cash savers should know about the Fed's quarter-point rate cut.
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