"The labor market is really cooling off," said Fed Chair Jerome Powell, who's been under unprecedented pressure to slash ...

The Fed trimmed its benchmark interest rate by a quarter percentage point on Wednesday, its first reduction of 2025.

The Federal Reserve's first interest rate cut since December could be followed by more reductions later in 2025. Here's what ...

Federal Reserve policymakers projected inflation will rise to 3% in 2025 while unemployment will reach 4.5% as the central ...

Fed Chair Jerome Powell, speaking in a press conference after the U.S. central bank lowered its benchmark interest rate by a ...

In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly ...

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected more cuts twice this year as concern ...

Gulf central banks cut their key interest rates on Wednesday after the Federal Reserve cut U.S. interest rates by 25 basis ...

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

Head of the central bank, Jerome Powell, has faced months of criticism from President Trump for not cutting rates faster.

The Federal Reserve announced its first rate cut of the year, bringing its key interest rate down to a range of 4% to 4.25%.