The 25-basis-point reduction aims to bolster a cooling economy amid slower job growth and easing inflation.
Citing a weakening labor market, the central bank lowered its benchmark rate by 25 basis points to a target range of 4.0% to 4.25%.
Appeals court rules former president exceeded authority, but tariffs remain in place pending potential Supreme Court review.
Industrial giant lowers its full-year profit margin outlook as it braces for an escalating impact from global trade disputes.
Move threatens to raise prices for US consumers and hits apparel, jewelry, and textile importers, straining trade relations.
Markets dip as the move raises questions over the central bank's independence amid White House pressure for rate cuts.
Solar, housing, and travel stocks lead market gains after Fed Chair signals a dovish shift, boosting investor optimism.
Jerome Powell signals policy shift to protect employment, sending Treasury yields tumbling and sparking a broad market rally.