WASHINGTON—The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. The rate cut, the Fed’s first in more than four years,…

The Bank of England has maintained its interest rate at 5%, contrasting with the US Federal Reserve’s rate cut to 4.8%. Inflation concerns in the UK, particularly in the services sector, have driven this cautious approach.

The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.

The United States Federal Reserve has finally announced a significant 0.5 percent cut to its interest rates, marking the start of what many analysts

The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.

Plus, tonight’s premiere of “The Golden Bachelorette.”

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. The rate cut, the Fed’s first in more than four years,…

The Fed’s policymakers also signalled that they expect to cut their key rate by an additional half-point in their final two meetings this year.

At long last, it seems that the Federal Reserve has smelt the coffee that it was keeping interest rates too high for too long for the economy's good. However, it remains to be seen whether today’s

The US Federal Reserve cut its main interest rate by half a percentage point on Wednesday, September 18...

Dramatic shift comes after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers

The US Federal Reserve has cut interest rates by half of a percentage point, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made ...

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but that also made borrowing painfully expensive for American consumers.

Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75 per cent-3.00 per cent range.

Fed officials now see more unemployment and less inflation this year and next year. | Economy

WASHINGTON : U.S. central bankers think they’ll need to lower interest rates to a range of 4.25 per cent-4.50 per cent by year-end, more than they anticipated in June, as inflation approaches their 2 per cent goal and unemployment rises.That's according to the median of new economic projections publishe

The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.

The Federal Reserve cut interest rates Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning.

WASHINGTON—Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual…

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.

We explore the politics of today’s Fed announcement.

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs.

Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this year.