The Latest Breaking News from US Federal Reserve

Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

Tokyo's Nikkei led Asian markets higher Thursday as the yen hit a two-week high after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.

Former President Trump questions Federal Reserve's rate cut motives, sparking debate on economic policy and political dynamics.

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The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down by -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.45%. Stocks on Wednesday gave up mid-session gains and turned lower as...

Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation

Stocks closed lower on Wall Street after Fed's interest rate cut. Gold futures hit a new high. Fed Chair Powell expressed confidence in labor market.

President Biden emphasizes the positive impact of declining inflation and interest rates on the post-Covid economic recovery.

Here's what to know about CDs and high-yield savings accounts before the Fed meets to possibly cut rates again.