The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they ...

The Federal Reserve has cut its key interest rate, reducing borrowing costs in an effort to boost hiring and prevent a surge ...

Nigeria's central bank cut its key lending rate for the first time since 2020 on Tuesday, lowering it by 50 basis points as ...

Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.

There could be two more interest rate cuts before 2025 is over, which might trigger some volatility in the stock market.

The Federal Reserve cut its key interest rate by a quarter-point on Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's ...