Federal Reserve – One America News Network

Several VISA and MASTER credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)

What a Federal Reserve rate cut means for your finances

The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September.

WASHINGTON, DC - OCTOBER 29: Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC. For the second straight month, Powell announced a quarter-point cut to the federal funds rate, bringing rates down to a new range of 3.75 percent to 4 percent. (Photo by Alex Wong/Getty Images)

Fed cuts interest rates to lowest level in 3 years

The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.

RANCHO CUCAMONGA, CALIFORNIA - SEPTEMBER 17: An aerial view of residential homes on September 17, 2025 in Rancho Cucamonga, California. The 30-year fixed mortgage average rate dropped to 6.13 percent yesterday, the lowest mark since 2022, ahead of today’s Federal Reserve rate cut announcement. (Photo by Mario Tama/Getty Images)

Mortgage rates drop to lowest levels of 2025

This week, mortgage rates fell to their lowest level of the year.

Trader Michael Capolino works on the floor of the New York Stock Exchange, Wednesday, Oct. 15, 2025. (AP Photo/Richard Drew)

The Dow hits a record as 3M, Coca-Cola and other big US stocks climb

The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.

Gold bracelets are displayed inside a gold shop in Bangkok's Chinatown, Thailand, October 9, 2025. REUTERS/Athit Perawongmetha

Gold’s rush above $4,000/oz cements status as global bellwether

Gold’s unprecedented ascent this week to the $4,000 an ounce milestone and beyond puts it on course for its best year since the Iranian Revolution in 1979.

(Background) WASHINGTON, DC - OCTOBER 7: People pass outside the U.S. Supreme Court on October 7, 2024 in Washington, DC. The new Supreme Court term starts as the justices of the country's highest court return from summer break with new cases on the docket and the possibility that emergency election-related cases could arise in the coming weeks as the presidential election looms in the distance. (Photo by Kent Nishimura/Getty Images) / (Center) WASHINGTON, DC - JUNE 21: Lisa DeNell Cook, nominee to be a member of the Board of Governors of the Federal Reserve System, is sworn in during a Senate Banking nominations hearing on June 21, 2023 in Washington, DC. If confirmed, Cook would be the first Black woman to sit on the Board of Governors in its 108-year history. (Photo by Drew Angerer/Getty Images)

SCOTUS postpones decision on whether Trump admin can remove Fed. Reserve member Lisa Cook, agreeing to hear oral arguments next year

The Supreme Court on Wednesday postponed a decision on whether President Donald Trump can immediately remove Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year.