Federal Reserve Board approves quarter-point rate cut

WASHINGTON, D.C.—The Federal Reserve Board on Wednesday, September 17, cut its benchmark overnight lending rate by 0.25 percentage points to a range of 4%-4.25%, in an 11-1 vote. The move, driven by growing U.S. labor market concerns, also signals two additional cuts before year-end. “The Committee decided to lower the target range for the federal […]