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 pointed to a higher open Friday, as investors gear up for more data during a shortened trading day.
Dow Jones industrial average futures rose 56 points, while S&P 500 and Nasdaq 100 futures gained 7.75 points and 11.75 points, respectively.
Markets will be opening back up stateside, after taking a day off Thursday for the Thanksgiving holiday. Trade in the U.S., however, will be shortened, with markets such as the New York Stock Exchange (NYSE) finishing trade earlier. Markets in Europe and Asia are trading as usual.
Prior to the Thanksgiving holiday, the Federal Open Market Committee released minutes from its latest meeting. In the release, the U.S. central bank delivered an overall optimistic view when it came to economic growth, yet showed signs of slight concern that financial market prices could be getting out of hand.
On the data front, Flash US composite purchasing managers index (PMI) data is set to be released at 9:45 a.m. ET.
In energy markets, crude prices ticked higher, with U.S. oil building on recent gains, as a major pipeline shutdown from Canada to the U.S. tightened North American markets. U.S. crude rose 1.2 percent to trade at $58.72 per barrel.
While no major earnings are set to be published Friday, investors are likely to be paying close attention to how certain retailers perform as the Black Friday shopping spree commences.
Elsewhere, tax reform will remain at the back of investors minds. Earlier this week, U.S. President Donald Trump stated that the administration was going to "give the American people a huge tax cut for Christmas," according to the Associated Press. Concerns still linger on Wall Street, however, as to whether a deal will come about by the end of the year.
—CNBC's Jeff Cox contributed to this report