The Latest Breaking News from Interest Rates

Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation

President Biden emphasizes the positive impact of declining inflation and interest rates on the post-Covid economic recovery.

Federal Reserve's interest rate cut under President Biden addresses inflation concerns and sparks economic discussions.

Stocks surged midday on Wednesday after the Federal Reserve cut interest rates, boosting investor confidence.

Federal Reserve's rate cut to combat inflation and stimulate economic growth, impacting borrowing costs and investments.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.25%. Stocks today have erased knee-jerk gains after the initial 2:00 PM Eastern announcement...

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.07%. Stocks today are little changed on uncertainty ahead of the FOMC’s...

The dollar index (DXY00 ) today is down by -0.12%. The dollar is trading defensively ahead of this afternoon’s FOMC decision. Heightened speculation the Fed will opt to cut the fed funds target range by 50 bp today instead of 25 bp is weighing on the dollar as swap markets...