interest rate cut – One America News Network

In this photo illustration, a person files an application for unemployment benefits on April 16, 2020, in Arlington, Virginia. The government reported Thursday that another 5.2 million US workers filed for unemployment benefits, taking the four-week total to 22 million, a staggering figure in a downturn that economists say presents the country with its most severe outlook since the Great Depression of the 1930s. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

New U.S. unemployment applications fall to 1-month low

The number of Americans filing new applications for unemployment benefits dropped unexpectedly last week to one of the lowest levels this year.

TOPSHOT - A view of the New York Stock Exchange (NYSE) and Christmas tree on December 5, 2025 in New York City. (Photo by ANGELA WEISS / AFP via Getty Images)

Fed. Reserve cuts rate another quarter-point

The Federal Reserve’s Federal Open Market Committee (FOMC) announced on Wednesday that it would lower the target range for the federal funds rate by 25 basis points, a quarter-point cut, to 3.50%–3.75%.

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%.

A specialist trader works inside a post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2024. REUTERS/Brendan McDermid/File Photo

Wall St subdued as investors await Fed decision with bated breath

Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.