The Federal Reserve is cutting interest rates for the first time in nine months. The Fed cut rates by a quarter-percentage point on Wednesday. It comes as President Trump has called for the central bank to lower rates for months. Stocks are mixed after the announcement, with the Dow being up over 500 points, while the S&P 500 was little changed and the Nasdaq was down slightly. A majority of policy makers said they want two more rate cuts this year.