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The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor ...

Financial experts have been anticipating these cuts for some time, and the belief is there will be two more cuts by the end of the year.

The Federal Reserve has reduced interest rates by a quarter of a percent, citing a cooling labor market, with potential implications for credit card, car, and home loan rates.

Interest rates for credit cards and some other loans will head down, now that the Fed has cut short-term interest rates for the first time in 2025.