Today's Federal Reserve meeting will deliver the rate cut everyone expects and the only outlook that can balance market tensions pulling in two different directions. The S&P 500 won't love it, but won't hate it either,

Powell reiterated his message that there is no risk-free path for policy given the challenges to both of the Fed’s goals for prices and employment. In explaining the rate cut, the Fed chair said it appears that most of the above-target inflation seen today is driven by tariffs, and he said the labor market faces significant downside risks.

Federal Reserve Chair Jerome Powell is giving remarks Wednesday afternoon after the nation’s central bank cut interest rates for the second time this year. The committee responsible for setting borrowing costs cut the baseline interest rate to a range of ...

Watch live as Federal Reserve Chair Jerome Powell delivers remarks at the Hoover Institution at Stanford University. Credit: Hoover Institution at Stanford University

Key U.S. government debt is fluctuating between losses and gains for the day. The 10-year yield, which is the basis for credit card rates, mortgage rates, and other forms of longer-term borrowing, for a brief period traded above 4.

Federal Reserve Chair Jerome Powell said the three rate cuts this year have put the central bank's benchmark interest rate closer to a "neutral" level, meaning it is neither boosting nor holding back the economy.

The Fed is “well positioned to wait and see how the economy evolves,” Powell added. Fed Chair Jerome Powell is taking questions in a post-FOMC