© 2025 WEMU
Serving Ypsilanti, Ann Arbor and Washtenaw County, MI
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Click here to get School Closing Information

Federal Reserve votes to cut interest rates for a 3rd time

The Federal Reserve voted to cut interest rates Wednesday by another quarter percent, in an effort to prop up a sagging job market. Fed officials warned they'll be cautious about more cuts in 2026.

Copyright 2025 NPR

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.