In its post-meeting statement, the Federal Reserve said it was lowering the target range "in light of the progress on inflation and the balance of risks," acknowledging it's "gained greater ...
The Federal Reserve kicked off its easing campaign with a bang Wednesday, cutting rates by 0.5 percentage point, or 50 basis points, to a range of 4.75% to 5%. Quarterly projections showed a narrow ma ...
When the Federal Reserve closes its latest policy meeting Wednesday afternoon, the widespread expectation is that it will announce the first cut to its main interest rate in more than four years.