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
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.The Fedread more
Stocks fell on Wednesday after a divided Federal Reserve failed to signal easier monetary policy later this year, disappointing traders.US Marketsread more
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.Marketsread more
Federal Reserve Chairman Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as...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
The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.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
Great news, Girl Scout cookie fans: A new variety is coming, and it looks no further than the campfire for inspiration.
On Wednesday, the organization said it would add S'mores cookies to its lineup for the next season. The S'mores flavor will come in two varieties: a graham cookie dipped in creme icing and coated in chocolate and a graham cookie filed with chocolate and marshmallow.
The Girl Scouts pegged the news to National S'mores Day, which is Wednesday.
The cookies mark the first new additions to the lineup since 2015. For now, they will be carried in select markets.
Next year marks the centennial for Girl Scout cookie sales, which help fund local councils and troops.