The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.

The final rate-setting meeting before the November election brought the first cut since March 2020, a move likely to prove popular for everyday Americans.

U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high side of estimates for its first cut in more than four years.