Last Updated: 4 hours ago Fed Cuts Rates by a Quarter Point, as Expected By Megan Leonhardt The Federal Reserve lowered interest rates by another quarter of a percentage point on Wednesday, a move that hedges against a weakening labor market. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to lower its target for the federal-funds rate to 3.75%- to 4.00%, as investors expected. Ahead of the decision, the interest-rate futures market had the odds locked in at 100% that ...