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Federal Reserve announces its most aggressive interest rate hike in nearly 30 years
The Federal Reserve chairman says he anticipates more rate increases to try to bring down record inflation to its target of 2%.
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The Federal Reserve chairman says he anticipates more rate increases to try to bring down record inflation to its target of 2%.
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
In an effort to get a handle on the worst inflation in America in the last 40 years, the Federal Reserve has raised interest rates by a half-percentage point.
Interest rates are going up again as the economy gets hotter.
President Trump nominated Federal Reserve Governor Jerome Powell on Thursday to lead the world's most influential central bank.
Federal Reserve Chair Janet Yellen spoke before Congress about the inflation rates since 2008.
A day after addressing a senate committee, Federal Reserve Chairwoman Janet Yellen was back on Capitol Hill Wednesday.
Federal Reserve Chairwoman Janet Yellen said Tuesday the central bank will "evaluate whether employment and inflation are continuing to evolve in line with [the Fed's] expectations, in which case a further adjustment of the federal funds rate would likely be appropriate."
As was expected, the Feds raised interest rates and now banks will likely pass their higher costs to consumers and companies leading to high borrowing rates throughout the economy.
Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas and Alan Greenspan was asked if he purposely sought to confuse Congress with his answers.
Auto sales in the United States are expected to hit an all-time high as Americans are buying more new cars than ever before.
A man from Jamaica is behind bars for running a lottery scam which targeted elderly people.
The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
The latest numbers from the U.S. Labor Department offer a mixed bag of news to President Barack Obama.
President Biden endorsed Vice President Kamala Harris to be the Democratic presidential nominee.
President Biden announced Sunday he is dropping his reelection bid in the 2024 presidential race and endorsing Vice President Kamala Harris.
President Biden is the first sitting president to drop out of running for reelection since Lyndon B. Johnson in 1968 — leaving the race against Donald Trump in turmoil.
The Israeli airstrikes were the first time Israel is known to have responded to repeated Houthi attacks throughout its nine-month war against Hamas.
Jim DeFede speaks with State Sen. Book about Gov. DeSantis' efforts to fight the abortion issue set to appear on Florida's ballot.
President Biden endorsed Vice President Kamala Harris to be the Democratic presidential nominee.
President Biden announced Sunday he is dropping his reelection bid in the 2024 presidential race and endorsing Vice President Kamala Harris.
President Biden is the first sitting president to drop out of running for reelection since Lyndon B. Johnson in 1968 — leaving the race against Donald Trump in turmoil.
Jim DeFede speaks with State Sen. Book about Gov. DeSantis' efforts to fight the abortion issue set to appear on Florida's ballot.
Jim DeFede spoke with Evan Power at the convention in Milwaukee just before Trump's speech.
The American Automobile Association said this is a dangerous time of year for young drivers.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
President Biden endorsed Vice President Kamala Harris to be the Democratic presidential nominee.
President Biden announced Sunday he is dropping his reelection bid in the 2024 presidential race and endorsing Vice President Kamala Harris.
President Biden is the first sitting president to drop out of running for reelection since Lyndon B. Johnson in 1968 — leaving the race against Donald Trump in turmoil.
Sen. Joe Manchin on Sunday joined a growing pool of lawmakers calling on President Biden to end his reelection campaign.
Police say a Florida man accused of making threats against former President Donald Trump, U.S. Sen. JD Vance and their families on social media has been arrested.
Jim DeFede speaks with State Sen. Book about Gov. DeSantis' efforts to fight the abortion issue set to appear on Florida's ballot.
Jim DeFede spoke with Evan Power at the convention in Milwaukee just before Trump's speech.
Jim DeFede speaks with Mo Saunders, the estranged aunt to Democrat Joe Saunders, who is also running for the same seat.
DeFede said the incident has become an "inflection point" for the country in how we talk about politics.
"I support the chairman's call for an investigation," Rep. Jared Moskowitz, a Democrat from Florida, told CBS News Miami.
A warning of a Listeria monocytogenes outbreak affecting 12 states, including Pennsylvania, New Jersey and New York, was issued by the CDC Friday afternoon linking infections to sliced meat at deli counters.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
Many of our readers' favorite Amazon Prime Day 2024 deals are still available, but you'll have to act fast to save.
Amazon Prime Day may be over, but you've still got plenty of deals to shop if you're having some FOMO.
Get ready for back-to-school and discover which Apple iPad models are best suited for college students in 2024.
Amazon Prime Day 2024 has ended, but there are still great deals to be had a popular laptops.
Some of Amazon's popular e-readers are still on sale now that Prime Day 2024 has come to an end.
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
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
Ernest Hemingway spent the 1930s in Key West, Florida, and more than six decades after his death, fans, scholars and relatives continue to congregate on the island city to celebrate the author's award-winning novels and adventure-filled life.
An album of dark songs recorded in a bedroom at his rented farmhouse in 1982, reflecting the upheaval in his life in-between "The River" and "Born in the U.S.A.," helped solidify Springsteen's status as one of music's most soulful voices.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.