The aggressive move comes even as the Bank of England predicted a two-year economic contraction
Short-term rate, at 3.75% to 4%, at 15-year high
Historically, cuts have followed within eight months of a hiking cycle's end, a report says
Some economists say the Fed should soon consider scaling back the fastest pace of rate increases since the early 1980s
Forecasters are expecting higher interest rates to trigger a recession
The ECB raised interest rates again on Thursday, with more expected to come
Markets will be watching the quarterly monetary policy report closely
Businesses expect to raise prices more slowly and for wage increases to soften
Meeting minutes reveal concern about U.S. economy's vulnerabilities
Early signs of a slowing economy aren't enough, the Bank of Canada governor said in a speech