The Latest Breaking News from US Federal Reserve

Stocks surged midday on Wednesday after the Federal Reserve cut interest rates, boosting investor confidence.

Federal Reserve's rate cut to combat inflation and stimulate economic growth, impacting borrowing costs and investments.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.25%. Stocks today have erased knee-jerk gains after the initial 2:00 PM Eastern announcement...

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The Federal Reserve went big with its first rate cut since March 2020, but the S&P 500 slipped as Chairman Jerome Powell sounded upbeat about the U.S. economy.

It's the first Fed rate cut since the COVID lockdown easing that began in March of 2020.

Buyers, sellers, and refinancers can benefit from how much rates have dropped already, off the expectation that the Fed would deliver an interest rate cut this month—and it did.

The central bank's federal funds rate had been at a 23-year high.

Stocks showed positive momentum as investors awaited the Federal Reserve's interest rate decision, reflecting cautious optimism in the market.

Learn about the Federal Reserve's role in shaping the US economy through interest rates and data-driven decision-making.

Federal Reserve's efforts to control inflation faced challenges in 2022 and 2023, leading to relief for Americans as bond yields decreased.