Inflation News Headlines

Biden says Fed made 'declaration of progress' with interest rate cut

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased

Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut

The Bank of England is keeping its main interest rate unchanged at 5% despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

Text of the policy statement the Federal Reserve released Wednesday

The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses