The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.

Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a recession.

What Do Fed Rate Cuts Do? The Fed only officially controls the federal funds rate, which determines the interest charged in overnight cash reserve transactions between banks. But

Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

The Federal Reserve announced Wednesday that it was cutting interest rates for the first time in four years. How far will mortgage rates fall from here on out? Not so much, economists say. The central bank announced a 50-basis-point cut to its benchmark rate,

The Federal Reserve cut rates for the first time since March 2020 at its September meeting. Savings rates decreased leading up to the Fed meeting and you may see slight dips in the coming weeks. You can still earn north of 5% APY with today’s best savings accounts and CDs.