The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move towards the U.

The Federal Open Market Committee’s policy statement on Thursday acknowledged a softening labor market and continued to suggest there will be additional interest-rate reductions to come. Federal Reser

The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy.