The U.S. Federal Reserve lowered interest rates.

Literal

American Federal Reserve Bank [topic-は] interest-rate [object-を] lowered.

金利を引き下げる means 'to lower interest rates.' 引き下げる is a compound verb: 引く (pull) + 下げる (lower). The polite past ました makes this a neutral news report. A sentence that teaches financial vocabulary concisely.