US interest rates cut by 0.5% in first drop in four years

New Yorkers share their thoughts as the US Federal Reserve cut its key lending rate by half a percentage point in its first reduction for more than four years. Wall Street shares bounced at the open after falling the previous day, even though the Fed's rate reduction that many investors had hoped for was double the size some had predicted. The aggressive cut split opinion among analysts, with some warning it could reignite inflation, while others said it showed the bank was keeping ahead of the curve in supporting the economy.

US Federal Reserve Meeting: The US Federal Reserve has cut interest rates by 50 basis points, the first reduction in over four years, aiming to reverse...

LONDON (AP) — The Bank of England is widely expected to announce it is keeping interest rates unchanged later Thursday despite a big cut from the U.S. Federal...

The US Federal Reserve has lowered its benchmark interest rate by half a percentage point to bolster the labour market. The new rate range is now 4.75% to 5%....