Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.Marketsread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.Market Insiderread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
Gold edged lower on Wednesday but held about the key $1,500 per ounce level after the U.S. Federal Reserve decided to cut interest rates.Futures & Commoditiesread more
European equities closed mixed on Monday, after a volatile day of trading.
The pan-European Euro Stoxx 600 Index closed roughly flat, with energy stocks outperforming on the back of gaining oil prices.
Meanwhile, Julius Baer shares closed more than 8 percent higher after the Swiss private bank posted a profit rise in its full-year results and said it was preparing for cost-cutting, after the surprise policy move by the Swiss National Bank in January.
In other stocks news, Ryanair shares tumbled to close more than 6 percent lower after the company warned that profit growth could be modest in 2015. European airlines performed poorly in general on Monday, with Air France-KLM, Lufthansa and Easyjet all closed down by at least 3 percent.
Greek stocks rallied up to 5 percent on Monday, as its new left-wing government began what one market analyst called a "charm offensive" on to persuade its euro zone partners to create a new debt agreement with the country.
The government has already started to reverse austerity measures unpopular in Greece that were a condition of its current bailout agreement—a move that could make make negotiations harder.
"Germany remains, for its part firmly opposed to any form of debt reduction, as do the Finns, and it is these two stances that are becoming increasingly difficult to reconcile given that Greece's debt is to all intents and purposes unsustainable," said Michael Hewson, chief markets analyst at CMC Markets, in a note on Monday.
The German DAX index was another strong performer on Monday, closing unofficially higher by 1.0 percent. The Spanish IBEX performed worst out of the major country bourses, ending unofficially lower by 1.4 percent.
Meanwhile, final January manufacturing PMI data for the euro zone came out on Monday. It showed factor activity grew slightly last month and the figure of 51.0 was in line with a previous estimate.
U.S. stocks opened higher on Monday, encouraged by rising oil prices, before paring some gains.