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Kelly is an editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home ...

WASHINGTON — The Federal Reserve on Wednesday made another cut in interest rates, but, signaling what its leader called a new phase in policy, the central bank dialed back expectations for ...

The nation's central bank cut interest rates in its final decision of 2024. On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 25 basis points, the third rate cut ...

And although the process has taken longer than expected, the central bank has “made a great deal of progress,” Powell added.