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 Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Americans struggling with credit card debt hope relief will come with more expected interest rate cuts later this year. However, for many, they find themselves in a tough spot.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money on loans, credit cards and mortgages.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
Mike Pappas, CEO of the Keyes Company, said the reduction will eventually lower interest rates on consumer loans, which is good news for the housing market.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The central bank is expected to reduce its benchmark rate on Wednesday, which stands at its highest point in 23 years.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
A vintage banknote and an even older coin collectively sold for nearly $1 million at a multi-day bidding event in Dallas.
The three people knew each other, spokeswoman says.
Detective Ali Adamson said "I do not have any information suggesting the two shootings are related."
A caravan of about 30 vehicles drove the county to give gifts to about 30 families.
A body was found in the wheel well of United Airlines Flight 202, which left Chicago for Hawaii on Dec. 24, the airline said.
Two Miami-Dade officers are in stable condition at a hospital.
The three people knew each other, spokeswoman says.
Detective Ali Adamson said "I do not have any information suggesting the two shootings are related."
A caravan of about 30 vehicles drove the county to give gifts to about 30 families.
A body was found in the wheel well of United Airlines Flight 202, which left Chicago for Hawaii on Dec. 24, the airline said.
From merry lights to holiday yard decorations, we want to see what you've got.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Ryan Wesley Routh is being held in Miami awaiting trial in Fort Pierce.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
Former President Bill Clinton was released from a hospital in Washington. D.C., on Christmas Eve, following an overnight stay for treatment of a fever and flu.
The House Ethics Committee released its highly anticipated report on former Rep. Matt Gaetz, detailing allegations of sexual misconduct, drug use and obstruction. He denies wrongdoing.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
Jim talks with Rep. Anna Eskamani about how state Democrats may need to pivot to local races to gain any momentum in Florida.
Jim talks to Congressman Chip LaMarca about condo assessments in South Florida.
Jim talks to Karla Hernandez-Mats, the President of the United Teachers of Dade, about the special election vote held among teachers which soundly defeated efforts of The Freedom Foundation, a right-wing think tank, to decertify the county's teachers union.
Jim talks to Karla Hernandez-Mats, the President of the United Teachers of Dade, about the special election vote held among teachers which soundly defeated efforts of The Freedom Foundation, a right-wing think tank, to decertify the county's teachers union.
Jim keeps the theme of the week going with longtime political reporter Marc Caputo.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
Aaron Siri, an attorney to Robert F. Kennedy Jr., petitioned the FDA to "withdraw or suspend" its approval of a polio vaccine.
The FDA's top food official says the safety of the dye called Red 40 hasn't been assessed in over a decade, despite concerns over its potential behavioral health effects.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
Supreme Court Justice Ketanji Brown Jackson made her Broadway debut Saturday night in a one-time performance in the hit musical comedy "& Juliet."
Fan-captured video from Saturday's performance showed Wilson hyping Scott on stage to deliver his 2023 hit song "FE!N" in front of thousands of festivalgoers.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.