Fed Chair Powell says rates will fall, but 'over time,' adding that the FOMC "is not a committee that feels like it's in a hurry to cut rates quickly."

Consumers expect prices to rise at an annual rate of 2.7% over the next year,

The recent survey also predicts that the federal funds rate will reach 3%-3.25% by the end of next year.

Bookings for all durable goods—items meant to last at least three years—stalled on fewer orders for commercial aircraft.

More than 1 in 10 leaves of absence are taken to care for a family member.

The first junk-bond issue by the furniture retailer will go toward refinancing looming maturities.

The average yield in the U.S. investment-grade and high-yield bond markets fell following the Fed's move, making borrowing more attractive for issuers.

At future meetings, FOMC policymakers will consider "additional adjustments" to rates based on "incoming data, the evolving outlook, and the balance of risks."