Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
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
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread 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
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
U.S. stock-index futures traded flat to higher on Tuesday as traders eyed oil prices and earnings season trailed off.
Crude oil futures gained slightly on Tuesday as OPEC and non-OPEC countries are seen meeting shortly to discuss whether to prop up weak oil prices.
"Oil prices are looking buoyant on fresh hopes that the upcoming OPEC meeting has the potential to curb oil supplies," Naeem Aslam, chief market analyst at Think Markets UK, said in a note on Tuesday.
In the U.S., wholesale inventories for June data are out on Tuesday. Second-quarter labor productivity fell 0.5 percent.
The benchmark index hit a new intraday high on Monday before paring gains to close around 0.1 percent lower on the day.