If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening.

The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.

For months, investors have been bracing for a shift in the Federal Reserve's monetary policy, anticipating loosening interest rates to counter potential economic headwinds. But the recent rate cut, a dramatic 50 basis point reduction,

The Federal Reserve handed down a large interest rate cut this week, dialing back the central bank's fight against inflation and signaling welcome relief for borrowers. It remains to be seen, however,

Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.