U.S. Rep. Kweisi Mfume, a Maryland Democrat, said he feared Duffy’s directives would harm some grants already announced — ...

The Fed voted last month to leave its key lending rate unchanged following three consecutive cuts, holding it at between 4.25 and 4.50 percent.

Experts are optimistic that the 25 bps cut—the first in nearly five years—will make borrowing cheaper and spur the demand for ...