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.

The Fed’s cut has grabbed headlines, but mortgage rates can do their own thing. Learn what’s driving them—and what it means if you’re buying or looking to refinance.

The Federal Reserve announced Wednesday that it will cut interest rates for the first time this year — but the quarter-point reduction probably won’t mean the mortgage rate or car loan you’ve been ...

In response to mounting warning signs from the labor market, the Federal Reserve is preparing to cut its benchmark interest rate for the first time in nine months. Most economists and investors expect ...

NASHVILLE, Tenn. (WTVF) — The Federal Reserve announced the first interest rate cut since December. Fed leaders made the decision this week in hopes of boosting low employment, which at this point, ...

RALEIGH, N.C. (WNCN) — Borrowing could soon get cheaper, but experts say your savings account might take a hit, after the Federal Reserve cut interest rates by a quarter point Wednesday for the first ...

The federal funds rate is now 4%-4.25%. Further 2025 cuts are likely. Many, or all, of the products featured on this page are from our advertising partners who ...

Why did the Bank stick to 4% and what does it mean? - Here the PA news agency looks at what the decision means and what the ...