The Federal Reserve is expected to slash the benchmark interest rate to boost hiring Wednesday.

Many types of consumer loans are impacted when the Fed lowers its overnight lending rate, but it also depends on the product and duration.

The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan noted this morning.

The Federal Reserve is expected to slash the benchmark interest rate to boost hiring Wednesday.

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

The Federal Reserve on Wednesday released its interest rate decision.

In a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year.

The central bank cut rates for the third time in 2025 as limited government data clouds economic outlook.

The US central bank lowered interest rates for the third time this year, but the outlook for further cuts remains murky.

Betting markets and Wall Street expected a third consecutive cut in interest rates, but now forecast a cautious approach from the Fed in 2026.

Divisive vote to lower rates highlights uncertainty within the Fed as economy absorbs major shakeups, including tariffs