The Latest Breaking News from US Federal Reserve

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump

Shares of Rocket Companies Inc (NYSE:RKT) are rising Wednesday afternoon after the Federal Reserve announced a quarter-point cut to its benchmark interest rate, bringing it to a range of 4.00% to 4.25%. This marks the fourth consecutive rate cut, signaling a more accommodating monetary policy that could boost the housing…

Stephen Miran, Trump’s pick to join the Fed, dissented against the group, voting in favor of the stronger half-point cut.

The Fed’s borrowing rate has a direct and immediate impact on saving rates. That means the APY on your high-yield savings account will likely fall alongside the federal funds rate. But a high-yield account is still the most attractive option for savers.

Rates now stand at a range of 4% to 4.25% as reduction comes amid concern of political pressure on independent central bank from Trump

Small-cap and blue-chip stocks advanced in Wednesday morning trading on Wall Street, while technology names lagged and the SP 500 hovered near record levels as investors braced for the Federal Reserve's interest rate decision.

The Bank of Canada cut its key interest rate and the United States’s Federal Reserve is expected to do the same.

The Federal Reserve is expected to cut its benchmark interest rate for the first time in nine months

Homebuilding company Lennar Corporation (NYSE:LEN) could highlight falling mortgage rates and the impact of a potential rate cut when the company reports third-quarter financial results Thursday after market close.