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Head of the central bank, Jerome Powell, has faced months of criticism from President Trump for not cutting rates faster.

US stocks closed mixed on Wednesday after the Federal Reserve cut interest rates for the first time this year. Fed officials voted in favor of a 25 basis point reduction, a move highly anticipated by ...

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The Fed trimmed its benchmark interest rate by a quarter percentage point on Wednesday, its first reduction of 2025.

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As widely expected, the Federal Reserve trimmed its policy rate by 25 basis points to 4.00%-4.25% on Wednesday, acknowledging a softening labor market even as inflation perked up in recent months.

The expected move is likely to be followed by a path of gradual easing of interest rates that will lower borrowing costs for ...

The Federal Reserve announced its first rate cut of the year, bringing its key interest rate down to a range of 4% to 4.25%.

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