Fed lowers rates by 0.25 percentage point, but expects fewer cuts
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
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The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Expect a few snow flurries today before snow showers arrive after midnight tonight due to a clipper system.
Vanessa Delgado, 21, was arrested and charged with multiple felonies, including two counts of attempted first-degree murder.
Digs With Dignity has a dual mission of helping people and the planet; using decorations, furniture, and home goods to design and transform spaces, and help people in need get back on their feet.
The express lanes were originally supposed to open on Oct. 31, but issues with the software controlling the reversible lanes led to a lengthy delay.
Nikola Vučević had 23 points and 13 rebounds, and Coby White and Jalen Smith each scored 15 points for the Bulls.
Trump was found guilty in May of 34 felonies for authorizing a scheme in 2017 to falsify records in order to cover up reimbursements for a "hush money" payment.
City attorneys are recommending settlements in lawsuits tied to former CPD Commander Jon Burge, former Sgt. Ronald Watts, and former Det. Reynaldo Guevara - all of whom have been accused of framing dozens of people.
President Biden honored former President Jimmy Carter in a eulogy at his funeral.
Madigan is accused of using his power and influence to arrange for no-show jobs for his allies, and business for his own law firm.
The legislation is named in honor of Karina Gonzalez, who was shot and killed – allegedly by her husband – in July 2023.
Macy's announced the impending closures Thursday, calling it part of the retailer's plan to "return the company to sustainable, profitable sales growth."
Many turned out to take advantage of day-after-Christmas sales that can be hard to pass up.
At Yorktown Center in Lombard, just about everyone who spoke with CBS News Chicago on Monday said the act of going out and physically shopping puts them in the Christmas spirit.
Scammers know many of us are waiting for packages this holiday season.
The National Retail Foundation projected roughly 157 million people across the country would shop last-minute and try to wrap up their shopping lists.
In addition to norovirus, regular winter respiratory illnesses like RSV and flu are spiking, as is COVID-19.
Those with endometriosis, ovarian cysts, uterine fibroids, and female orgasmic disorder are now eligible to be prescribed medical cannabis in Illinois.
Lower immunity to the new GII.17 strain could be leading to more infections.
According to the CDC, at least 66 people have been infected with bird flu since last year. Most have had direct contact with sick birds.
The Louisiana patient was hospitalized with a severe case of bird flu in the first death in the U.S. caused by the H5N1 virus.
Macy's announced the impending closures Thursday, calling it part of the retailer's plan to "return the company to sustainable, profitable sales growth."
There remains a question of where exactly ground will be broken for the stadium.
Chef Bayless also addressed his lack of a relationship with his brother, sports broadcaster Skip Bayless.
John Carruthers and his thin crusts have raised $80,000—a lot of dough for charities around Chicago.
Many turned out to take advantage of day-after-Christmas sales that can be hard to pass up.
As we say ADIEU to 2024, a new study has revealed last year's hardest Wordle puzzles in each U.S. state, including Illinois.
Peter Yarrow was a singer-songwriter and a social activist, but he was best known as one-third of the folk-music group Peter, Paul and Mary.
Here is the full list of winners who took home awards at the 2025 Golden Globe Awards.
Here are the books and characters newly joining the list of works in the public domain in 2025.
Taylor also played two nights at Ravinia this past June.
A new video shows the Palisades fire approaching the San Fernando Valley as firefighters continue to battle the most catastrophic wildfires the county has ever seen.
Snow showers arrive after midnight due to a clipper system.
Two innocent people were hurt, four cars were damaged, and the people who live on the block where it happened were left rattled—and worried about one of their neighbors.
Meteorologist Mary Kay Kleist has the latest First Alert Weather forecast.
Making a house a home. That's what a Chicago non-profit has done for hundreds of families, all while keeping furniture and home goods out of landfills.
The driver and sole occupant of the vehicle, identified as a 35-year-old man, died from his injuries.
The express lanes were originally supposed to open on Oct. 31, but issues with the software controlling the reversible lanes led to a lengthy delay.
The Palisades, Eaton, Hurst, Lidia and Kenneth fires are burning in Southern California, forcing tens of thousands of people to evacuate. Here are the latest updates.
The idea is to do this before President-elect Donald Trump takes office, paving the way for the addition of the Far South side to move forward.
Expect a few snow flurries today before snow showers arrive after midnight tonight due to a clipper system.
Ald. Ray Lopez (15th) said the wooden or plastic traffic barriers currently recommended for permitted street fairs and festivals in Chicago are a security weakness, and that needs to change.
Cook County sheriff deputies served only 25% of protective orders between 2021 and 2023, data show.
"San Antonio has really led the way in using aerial surveillance technology to prevent these activities," said Ald. Brian Hopkins (2nd), who chairs the City Council Public Safety Committee.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
Nikola Vučević had 23 points and 13 rebounds, and Coby White and Jalen Smith each scored 15 points for the Bulls.
Connor Bedard extended his points streak to nine games with a first-period assist, but the league-worst Blackhawks lost for the seventh time in their last nine games.
The White Sox signed Rojas for a $3.5 million, one-year contract that was finalized Wednesday, while infielder Jake Amaya was designated for assignment.
Penn State lost to Notre Dame in heartbreaking fashion on Thursday night.
General manager Ryan Poles said the bears will "cast a wide net." At least 15 names have emerged for potential interviews.
Reddins was shot and killed last November while responding to a call of a man with a gun seen leaving a Chase Bank in Oak Park.
William Zientek, 46, was indicted last month in the shooting death of Dr. Olga Duchon, of Vernon Hills.
Their identities were not released as they were juveniles at the time of the crime.
The woman who was stabbed was taken to the hospital in critical condition. The other victim was not seriously hurt.
Some of the men now charged were already convicted in a deadly carjacking in Milwaukee.
