Discover how basis points simplify financial changes and eliminate ambiguity in percentage rates. Learn their impact on interest rates, bond yields, and more.

The current federal funds rate target range of 3.50%-3.75% is too restrictive and needs to be cut by at least a full percentage point this year, Federal Reserve Governor Stephen Miran said in a ...

After nine months of staying on the sidelines, the Federal Reserve on Sept. 17 announced a quarter-percentage-point cut, likely the first in a series of reductions to usher in lower borrowing rates ...

WACO, Texas (KWTX) - Federal Reserve Chair Jerome Powell held a news conference this afternoon talking about how this cut will further the Department’s goal of increasing employment rates and ...

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points Wednesday, bringing the federal funds rate to its lowest level in more than three years. CBS News' Kelly O'Grady and ...