NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled.

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LOS ANGELES (AP) — Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut since last year? Don’t bank on it. As expected, the central bank delivered a ...

After nine months of staying on the sidelines, the Federal Reserve on Sept. 17 announced a quarter-percentage-point cut, likely the first in a series of reductions to usher in lower borrowing rates ...

The Federal Reserve is meeting on Tuesday and Wednesday to determine the appropriate monetary policy that can both address both inflation risks alongside the increasingly disconcerting state of the ...

The Federal Reserve is expected to announce its first interest rate cut this year on Wednesday despite signs of tariffs pushing inflation higher amid rising concerns about the labor market.

Bond futures traders see a 94% chance of a quarter-point cut and a 6% chance of a larger half-point cut on Wednesday. With recent data showing a weakening labor market, analysts expect central bankers ...

The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut. That optimism still has room to run, analysts ...