WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America’s record-long economic expansion going by insulating the economy from mounting global risks. The widely expected quarter-point decrease was the Fed’s first since it slashed rates to near zero in 2008. Going into the last recession, from 2007 to 2009, the Fed cut rates from above 5 percent. Now it will have just four quarter-point moves left at its disposal. The Federal Reserve is widely expected on Wednesday to trim short-term interest rates by 0.25 percentage points. It would be the second rate cut this year amid signs the U.S. economy is slowing.

The Federal Reserve cut its benchmark interest rate to 0% on Sunday — but don’t necessarily expect lower mortgage rates as a result. The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak. The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate. The Federal Reserve further cut interest rates Wednesday as it tries to extend the U.S. economic expansion in the face of President Donald Trump's trade war with China and geopolitical risks such The Federal Reserve on Tuesday cut its benchmark interest rate 50 basis points – its first unscheduled, inter-meeting rate reduction since the financial crisis – as America's central bank WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America’s record-long economic expansion going by insulating the economy from mounting global risks. The widely expected quarter-point decrease was the Fed’s first since it slashed rates to near zero in 2008.

Going into the last recession, from 2007 to 2009, the Fed cut rates from above 5 percent. Now it will have just four quarter-point moves left at its disposal.

With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate. The Federal Reserve further cut interest rates Wednesday as it tries to extend the U.S. economic expansion in the face of President Donald Trump's trade war with China and geopolitical risks such The Federal Reserve on Tuesday cut its benchmark interest rate 50 basis points – its first unscheduled, inter-meeting rate reduction since the financial crisis – as America's central bank WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America’s record-long economic expansion going by insulating the economy from mounting global risks. The widely expected quarter-point decrease was the Fed’s first since it slashed rates to near zero in 2008. Going into the last recession, from 2007 to 2009, the Fed cut rates from above 5 percent. Now it will have just four quarter-point moves left at its disposal. The Federal Reserve is widely expected on Wednesday to trim short-term interest rates by 0.25 percentage points. It would be the second rate cut this year amid signs the U.S. economy is slowing.

With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate.

With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate. The Federal Reserve further cut interest rates Wednesday as it tries to extend the U.S. economic expansion in the face of President Donald Trump's trade war with China and geopolitical risks such The Federal Reserve on Tuesday cut its benchmark interest rate 50 basis points – its first unscheduled, inter-meeting rate reduction since the financial crisis – as America's central bank WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America’s record-long economic expansion going by insulating the economy from mounting global risks. The widely expected quarter-point decrease was the Fed’s first since it slashed rates to near zero in 2008.

Going into the last recession, from 2007 to 2009, the Fed cut rates from above 5 percent. Now it will have just four quarter-point moves left at its disposal.

The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate.

WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America’s record-long economic expansion going by insulating the economy from mounting global risks. The widely expected quarter-point decrease was the Fed’s first since it slashed rates to near zero in 2008.

The Federal Reserve is widely expected on Wednesday to trim short-term interest rates by 0.25 percentage points. It would be the second rate cut this year amid signs the U.S. economy is slowing.

With a rate cut, the prime rate lowers, too, and credit cards likely will follow suit. Most credit cards come with a variable rate, which means there's a direct connection to the Fed's benchmark rate. The Federal Reserve further cut interest rates Wednesday as it tries to extend the U.S. economic expansion in the face of President Donald Trump's trade war with China and geopolitical risks such The Federal Reserve on Tuesday cut its benchmark interest rate 50 basis points – its first unscheduled, inter-meeting rate reduction since the financial crisis – as America's central bank WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America’s record-long economic expansion going by insulating the economy from mounting global risks. The widely expected quarter-point decrease was the Fed’s first since it slashed rates to near zero in 2008. Going into the last recession, from 2007 to 2009, the Fed cut rates from above 5 percent. Now it will have just four quarter-point moves left at its disposal. The Federal Reserve is widely expected on Wednesday to trim short-term interest rates by 0.25 percentage points. It would be the second rate cut this year amid signs the U.S. economy is slowing.