The Latest Breaking News on Federal Reserve cuts US interest rates for first time since December

The central bank’s widely-expected 0.25% cut comes amid a cooling labour market, which has stalled economic growth.

The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve

The dollar index (DXY00 ) today is up by +0.07%. The dollar is posting modest gains today ahead of the results of today’s FOMC meeting. Weakness in stocks today is boosting some liquidity demand for the dollar. Gains in the dollar are muted after the US Aug housing starts and...

Recently, analysts were surprised to learn via the CPI that inflation increased at a higher than expected level in August.

The University of Michigan's consumer-sentiment index fell to 55.4 in September, its lowest since May, reflecting growing worries about job security, rising costs and inflation.

The dollar has put in such a feeble performance this year that it has begun to hurt foreign investors in U.S. assets.

Households with adjustable-rate mortgages or variable-rate student loans could see relief immediately, while those with fixed-rate debt will benefit more slowly.

With the Federal Reserve widely expected to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking Wednesday for signs of how deeply the Fed might cut rates in the next few months

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