Fed to cut interest rates by quarter-point
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In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.
The Federal Reserve's two-day policy-setting meeting begins Tuesday. Policy committee members may be divided on their decision and forecasts.
Experts and politicians debate what the Federal Reserve should do to unfreeze the housing market and help buyers and sellers save more money and their spending power.
NEW YORK (AP) — Wall Street is stuck on pause Wednesday as it waits to hear from the Federal Reserve in the afternoon, when it’s expected to deliver the first cut to interest rates of the year.