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 to 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
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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
As the Federal Reserve lowers rates, some banks are pulling back their offerings on their savings accounts and certificates of deposit. Even so, they are still pretty good by...Personal Financeread more
Worried about missing precious moments of your newborn's development while you're away at work? One start-up has a proposed solution.
Baby monitoring system Invidyo, which is looking to raise $60,000 on Kickstarter, combines face and emotion recognition technology with a mobile device, and records all the child's activity during the day.
The standout feature, though, is that Invidyo filters the important parts of the child's day, and condenses them into a two-minute summary that parents can view from their phones or desktop.
"This system is not really about frightening the parents, but it is about not losing those precious memories and capturing moments," co-founder Ozgur Deniz Onur told CNBC.com.
Invidyo also has an auto-lullaby player, temperature and humidity monitors, air quality monitors, night vision and two-way communication. The system alerts parents when their child is crying, a stranger enters the house, or during emergencies.
"When we talked to parents, they told us that they already have systems that record everything that happens while they're not home," Onur said. "The problem was when you have a system like that; it just records everything — eight hours to 10 hours of the day. And when they come back home from work, they have to watch the recording to understand what happened."
The KickStarter campaign has attracted more than $49,000 and 267 backers.
If Invidyo reaches its financial goal by Aug. 2, it will be able to launch the system in larger retail stores.
Parents can preorder Invidyo from the company's website. The least-expensive model, for $99, is currently sold out. Once the product hits retailers, it will be $199 for the camera and an additional $199 for each year of service. The app is available in Apple's App Store and Play.
Update: This story has been updated to reflect the fact that one model is currently sold out.