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The U.S. dollar index jumped on Wednesday by 0.23% to 98.272 after the Federal Reserve cut interest rates by 25 basis points for the first time since 2008.
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed.
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed.
Borrowers will have a lot of boxes to check before they can get the $20,000 in student debt forgiveness on the table in Kamala Harris' newly released plan.
The U.S. Federal Reserve's decision on Wednesday to lower interest rates may do little to cut some of the costs that matter to many consumers.
Traders now see a bigger chance of another rate cut by the Federal Reserve in September after it lowered interest rates for the first time since 2008.
Lower interest rates on savings accounts and certificates of deposit are now making equity returns seem even more attractive. Here's why you should resist the risk.
Two FOMC members disagreed with the central bank's decision to cut interest rates Wednesday.
Everything from credit cards to car loans are generally based on a benchmark rate, which in turn is influenced by the Fed's target interest rate.
Shares of Nordstrom Inc rose 7% on Wednesday after the Wall Street Journal reported that members of the retailer's founding family are in the early stages of discussing a proposal to boost their roughly one-third stake to over 50%, citing people familiar with the matter.
Wall Street turned negative after Federal Reserve Chairman Jerome Powell in a press conference after the Fed announced its first rate cut since 2008 characterized it as a mid-cycle policy adjustment, adding that the decision was different from the beginning of a lengthy cutting cycle.
U.S. President Donald Trump's repeated calls for easier monetary policy may not be what drove the Federal Reserve to cut interest rates on Wednesday.
Oil prices rose for a fifth day on Wednesday following a larger-than-expected drop in U.S. inventories and after the Federal Reserve cut U.S. interest rates for the first time in more than a decade.
The dollar index rose on Wednesday and stocks tumbled even as the Federal Reserve cut interest rates after Fed Chairman Jerome Powell said the 25-basis-point cut was not the same as the beginning of a lengthy rate cutting cycle.