'Gradual Recalibration:' The Fed Cuts Rates By 0.25%, Just as Economists Predicted. Here's What It Means for Your Wallet. The Federal Reserve cut rates by 50 basis points in September. Previous Article Thinking of Rebranding? This Step-by-Step Guide Will Help Make the Process Smooth and Successful. Next Article Nissan Is Cutting 9,000 Jobs—And Slashing Its CEO's Pay in Half