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Fed meeting live coverage: Federal Reserve cuts interest rates by 0.25%, Powell says there's 'no risk-free path' Yahoo FinanceFed Cuts Rates Again, Is Divided Over Future Moves The New York TimesCNBC Daily Open: Investors find cheer amid Fed's hawkish cut cnbc.com‘Be careful what you wish for': Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger Fortune
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Fed Cuts Rates Again, Signals It May Be Done for Now The Wall Street JournalStock futures are little changed after Dow rallies on Fed rate cut: Live updates cnbc.comFederal Reserve cuts interest rates amid mixed economic data and divisions in its ranks PBSDivided Fed cuts interest rates, amid job market concerns NBC News
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David Zaslav's Next Act Looks Murky As Netflix & Paramount Face Off Over Warner Bros Acquisition DeadlineParamount Makes Hostile Bid for Warner Bros. Discovery The New York TimesParamount's hostile takeover bid is one of the largest CNNFed expected to cut rates and Hollywood's own drama kicks off awards season: Morning Rundown NBC NewsT
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The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut.
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The S&P 500 index narrowly missed a fresh record close Wednesday and the Dow Jones Industrial Average finished with strong gains after the Federal Reserve's decision to deliver a final quarter-point rate cut for 2025, which gave investors optimism that equities can keep climbing through year-end.
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The central bank cut interest rates by a quarter of a percentage point, seeking to steady a softening labor market.
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Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds ReutersThe Fed just cut interest rates for the third-straight time CNNA divided Fed cuts interest rates again as economic concerns persist NBC NewsFederal Reserve Chair Holds News Conference C-SPAN'Be careful what you wish for': Top economist warns any additional interest rate cuts after
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Three members of the Federal Open Market Committee didn't agree with the central bank's quarter percentage point cut on Wednesday.
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The Federal Reserve on Wednesday made its final final interest rate move of the year.
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Investors were bracing for the Federal Reserve's final interest-rate decision of 2025 on Wednesday, with history showing that the S&P 500 index has tended to see a modest gain on Fed days in December.
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The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
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It's the third cut this year, but officials are split over whether they've gone too far or not far enough.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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