The Federal Reserve cut the interest rate by 50 basis points – and the market RAISED its rates by the same amount. The Fed said "Down" and the markets said "Nope."

Dropping interest rates may be good news, but they signal us to take specific financial steps. Read on for four of them.

Those who need to generate low-risk income out of their savings can earn more than they could have done even a few weeks ago.

Most investors were expecting the Federal Reserve to cut rates by 0.25% or 0.50%. The move was already well-baked into the market, so it’s not surprising to hear they went for the full 0.50%. But this is only the beginning of a series of cuts expected over the next year or two.

And where the risks are now.

The case for quarter-point U.S. interest rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were flat last month compared with August,

The Fed’s decision to opt for a bigger rate cut wasn’t without its controversy, according to minutes from its September meeting. While the move to lower rates by half a percentage point was approved by a majority of the 12 voting members,

The case for quarter-point U.S. interest-rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were unchanged last month compared to the prior month,