The Federal Reserve cut the interest rate by 50 basis points – and the market RAISED its rates by the same amount. The Fed said "Down" and the markets said "Nope."

Collins said that while core inflation pressures remain elevated, she is increasingly confident inflation is moving back to the Fed's 2% target.

Those who need to generate low-risk income out of their savings can earn more than they could have done even a few weeks ago.

Their latest update, published on September 18th, revealed that their views on long-term interest rates are the most dispersed since the Fed started publishing these “dot plot” projections in 2012. Of the 19 officials who made forecasts (the committee’s 12 voters plus seven regional Fed presidents),

The relative strength of the economy means the central bank will take a deliberate policy approach, with gradual rate cuts coming.

The Indian rupee is expected to open slightly weaker and stay under pressure on Tuesday after Federal Reserve Chair Jerome Powell pushed back against expectations of more larger-than-usual interest rate cuts,

Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall US economy remains strong. Powell also reiterated his confidence that inflation will continue moving toward the Fed’s 2% target,

Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy. His comments,