The reduction lowers the federal funds rate — what banks charge each other for short-term loans — to between 3.5% and 3.75%, down from its prior range of 3.75% to 4%. The Fed's decision marks the ...

The Fed’s 19-member rate-setting committee is sharply divided over whether to lower borrowing costs again. The divisions have ...

In its final meeting of the year, the Federal Open Markets Committee has once again lowered interest rates by 25 basis points ...

Jobs reports this past week add to the case that, of the Federal Reserve’s two mandates, price stability and maximum ...

Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding ...

Federal Reserve Chairman Jerome Powell threw cold water last week on the idea that the central bank would reflexively lower interest rates in December, a move the markets had anticipated. Taking a ...

While a rate cut is expected, it's not guaranteed as division grows among Fed officials and they remain without recent key ...

This year’s rate cuts have each come with dissenting votes. Three policymakers are expected to do so again at the central ...