The Federal Reserve cut the interest rate by 50 basis points – and the market RAISED its rates by the same amount. The Fed said "Down" and the markets said "Nope."

Those who need to generate low-risk income out of their savings can earn more than they could have done even a few weeks ago.

The Federal Reserve recently cut rates for the first time in more than four years. But this could be just the beginning. Find out what you need to know.

Most investors were expecting the Federal Reserve to cut rates by 0.25% or 0.50%. The move was already well-baked into the market, so it’s not surprising to hear they went for the full 0.50%. But this is only the beginning of a series of cuts expected over the next year or two.

The interest rates dropped 50 basis points or .50%, while small this change will lead to lower interest rates.

If the Federal Reserve keeps cutting rates, it's likely that mortgage interest rates will follow. See what that could mean to you.

A Federal Reserve official said he was open to cutting interest rates by a quarter percentage point or standing pat at the central bank’s meeting next month depending on how the economic outlook develops.

By Ann Saphir and Michael S. Derby (Reuters) -Slowly cooling inflation and a U.S. job market that remains strong but at risk of deteriorating give a green light for more interest-rate cuts in coming months,

Markets strengthened bets the Fed would deliver a quarter-point rate cut at next month’s policy meeting after data showed consumer price inflation edged down to 2.4 per cent in September