The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2% annual target.

Ahead of the expected interest rate cut announcement by the Federal Reserve U.S. stock indexes are holding close to their records. The S & P 500 was little changed in early trading Wednesday while the Dow Jones Industrial Average slipped 71 points,

The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute tweaks to positions ahead of a policy meeting expected to begin a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT,

Markets are pricing in with certainty that the Fed will deliver a rate cut this afternoon, the first in over four years.

Ahead of this afternoon's likely interest-rate cut by the Federal Reserve, its first since 2020, here is some reading to help you get up to speed. Insight from our chief economics correspondent Nick T

The Fed has signaled that an interest rate cut could come soon. Here’s what that means for your money and what you can do before and after it happens. Rate cuts are likely to ea