Here’s What Happened at the FOMC Meeting Today

CONCLUDED Fed Cuts Rates by a Quarter Point, as Expected, and Sees 2 More Cuts This Year Last Updated: 2 hours ago Here's What Happened at the FOMC Meeting Today By Sabrina Escobar (AFP via Getty Images) The Federal Reserve cut interest rates for the first time in nine months on Wednesday, signaling concerns about a weakening labor market. The central bank's Federal Open Market Committee voted to lower its target range for the federal-funds rate by a quarter percentage point to 4% to 4.25%, in line with inv ...