The expected move is likely to be followed by a path of gradual easing of interest rates that will lower borrowing costs for Americans.

Oil prices were little changed on Thursday after the US central bank lowered its key interest rate as widely expected, while an indication of more rate cuts before year-end raised the prospect of a de...

“The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen,” the central bank’s rate-setting Federal Open Market Committee said...