The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September. Fed watchers also expect the central bank may cut the rate once more this year, by another quarter point, at its December ...

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.

Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.