President Trump’s former communications director Anthony Scaramucci said Friday the Federal Reserve could reduce the interest ...

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...

A basis point is one-hundredth of a percentage point. So, a 5 bps cut translates into a 0.05% reduction in the lending rate.

BlackRock executive Rick Rieder reportedly thinks the U.S. Federal Reserve could slash rates by 50 basis points in September.

Mozambique's central bank cut its benchmark interest rate by 75 basis points to 10.25% on Thursday, saying it expects inflation to remain in single digits over the medium term.