The Federal Reserve’s decision Wednesday to lower its key interest rate by half a percentage point brought some clarity to the country’s top financial decision-makers, sending stocks surging to all-time highs and finally quieting the “will they,

MORE: What does the Fed interest rate cut mean for mortgages and homebuyers? By the end of 2024, interest rates will fall another half of a percentage point from their current lev

The Federal Reserve on Wednesday announced an interest rate cut of 0.5%, bringing rates down from their previous 23-year high. CBS News contributor Javier David has more on what that means for you.

After years of rate hikes in its effort to tame rising inflation, the central bank has elected to do something it hasn’t done since 2020: make a cut. While on one hand the Feds

Oil prices rose by nearly 2% on Thursday after the Federal Reserve's large cut in U.S. interest rates helped global benchmark Brent crude recover from its lowest in nearly three years hit last week. Brent futures rose to $74.