Breaking News: Fed cuts interest rates for first time since financial crisis

View in your browser     Fed cuts interest rates for first time since financial crisis The Federal Reserve announced Wednesday that it would cut interest rates for the first time since the 2008 financial crisis in a bid to protect the U.S. economy from a global downturn. In a Wednesday statement following a two-day meeting in Washington, the Fed’s policymaking Federal Open Markets Committee (FOMC) announced it would cut its baseline interest rate range to 2-2.25 percent, a 0.25 percentage-point cut. Read the developing story here         SPONSORED CONTENT — RIPPLE   Dear Congress, Please don't paint digital currencies and blockchain technology with a broad brush. Support regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly. Read Our Open Letter.             Did a friend forward you this email? Sign up for Breaking News     Forward Breaking News       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2019 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.