FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.

Most traders expect the Fed to make a big initial rate cut, but one strategist says it's not necessary amid low unemployment and historically low rates.

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.In a separate speech on Thursday,