The Federal Reserve cut interest rates by 0.25 percentage point today, making its third rate cut this year. Fed Chair Jerome Powell is scheduled to speak at 2:30 p.m. ET. Follow along for live updates ...
The Fed's new quarterly projections suggest that consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing.
The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.