The FOMC slashed the federal funds rate (the overnight interest rate) by 50 basis points to 4.88% (the rate changes depending on circumstance but will hover between 4.75% and 5%), which was double the 25-basis-point adjustment it normally uses.

The Fed's interest rate cuts should continue to fuel the stock market as long as the economy avoids recession, experts say. But stocks are overvalued.

A handful of Federal Reserve officials on Monday left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy. “Over the next 12 months, we have a long way to come down to get the interest rate to something like neutral to try to hold the conditions where they are,

The Fed's rate reduction, its first since March 2020, could help people in the market for a home or automobile purchase by making it more affordable to take out a mortgage or car

Researchers looked at how much $1 million invested in cash versus stocks would have earned over almost 100 years.

It’s just not realistic to wait until problems show up,” he said. “If we want a soft landing, we can’t be behind the curve.”