Major U.S. lenders lowered a key interest rate on Wednesday, providing U.S. consumers a reprieve on borrowing costs, after ...

Reduction of 12.5 basis points in funding costs will provide relief for some – but not all – borrowers in the city.

Find out what the Federal Reserve's rate cuts mean for your finances.

The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.

Fed's first rate cut of the year could save credit card users $1.92 billion in interest annually while possibly reducing returns on savings accounts and certificates of deposit.

Economists say it is likely the first in a series of reductions that should make borrowing more accessible for consumers.  Fed Chair Jerome Powell described the reduction as “a ...

The Federal Reserve cut the federal funds rate to a target range of 4%–4.25%, marking its first reduction in 2025 after ...

The Bank of Canada lowered its key interest rate by 25 basis points to 2.5 per cent on Wednesday, marking its first cut since ...

The Federal Reserve cut interest rates for the first time in 2025, with the 25-basis-point reduction coming amid signs of a slowdown in the jobs market despite elevated inflation.

The Bank of Canada announced on Wednesday that it's lowering its key interest rate by 0.25 points from 2.75 to 2.5 per cent.