The US central bank cut rates by a quarter of a percentage point, its second cut for the year.

Many types of consumer loans are impacted when the Fed trims its overnight lending rate.

The U.S. Federal Reserve is expected to meet Wednesday to make a decision on whether to cut interest rates.

The central bank is widely expected to approve another quarter percentage point, or 25 basis point, cut to its overnight lending rate at Wednesday's meeting.

Central bank votes to lower cost of borrowing even as US government shutdown limits data for decision

The Fed is loosening monetary policy to protect a slowing job market, even as prices continue to rise.

Wednesday's decision brings the Fed's key rate down to about 3.9%, from about 4.1%.

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs

Wednesday's decision brings the Fed's key rate down to about 3.9%, from about 4.1%.

Here’s a look at all of the ways the Fed decision could affect your finances.

The US central bank cut rates by a quarter of a percentage point, its second cut for the year.