Federal Reserve holds interest rates steady, but trims growth outlook
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
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Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans 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 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 Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
Sharp drop in job openings will be welcomed by Fed Reserve as it pushes to raise unemployment to cool inflation.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
The Miami-Dade Sheriff's Office said the woman entered the apartment of a City of Miami officer without permission and took the keys to his official vehicle.
DeSantis on Monday said state and local governments can maintain their "core functions" by offloading the tax burden on non-Floridians.
President Donald Trump again suggested he may try to run for a third term in office, despite limits set by the 12th and 22nd Amendments.
NASA astronauts Butch Wilmore and Sunita Williams, who were stuck in space for more than nine months, took questions after returning to Earth.
Some Egg Beaters and Bob Evans egg products have been recalled because they may include a cleaning solution, USDA says.
The Miami-Dade Sheriff's Office said the woman entered the apartment of a City of Miami officer without permission and took the keys to his official vehicle.
DeSantis on Monday said state and local governments can maintain their "core functions" by offloading the tax burden on non-Floridians.
President Donald Trump again suggested he may try to run for a third term in office, despite limits set by the 12th and 22nd Amendments.
Sunday night is the start of a new era at CBS News Miami. Here's a sneak peek.
NASA astronauts Butch Wilmore and Sunita Williams, who were stuck in space for more than nine months, took questions after returning to Earth.
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.
President Donald Trump again suggested he may try to run for a third term in office, despite limits set by the 12th and 22nd Amendments.
The House will consider the bill on Thursday during a floor session that also will include numerous other issues.
The Trump administration has targeted international students in wake of pro-Palestinian protests and other activities.
President Trump indicated he was looking for ways to serve a third term, which is not allowed under the 22nd Amendment, in an interview with NBC News.
Taking the stage in Green Bay wearing a yellow foam cheesehead hat, Elon Musk gave out $1 million checks on Sunday to two Wisconsin voters.
There has been a major development in the aftermath of our CBS News Miami documentary "Warehoused: The Life and Death of Tristin Murphy."
The former lieutenant governor sat down with "Facing South Florida" for her first interview since becoming FIU's interim president.
"Facing South Florida" devotes the entire half hour to taking an up-close look at President Donald Trump's first month in office.
"Facing South Florida" devotes the entire half hour to the immigration bill DeSantis signed and the tumultuous events leading up to it.
Jim talks to Republican State Senator Blaise Ingoglia, who has been in the immigration battle from the beginning.
Some Egg Beaters and Bob Evans egg products have been recalled because they may include a cleaning solution, USDA says.
The CDC, along with local private partners, operates the program in at least six major airports across the country.
Disability rights advocates say income and asset caps for Medicaid buy-in programs are a "poverty trap" for millions of Americans.
HHS Secretary RFK Jr., with help from DOGE, is planning a restructuring with sweeping cuts expected at multiple agencies.
The White House is searching for a new pick to head the Centers for Disease Control and Prevention.
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.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
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.
Actor Richard Chamberlain died Saturday, March 29, in Waimanalo, Hawai'i of complications following a stroke. He was two days shy of his 91st birthday.
President Trump named himself the storied Washington arts center's chairman and replaced board members with Trump allies. Since then, the center has been rocked with cancellations, resignations, and questions about its mission.
White House Correspondents Association President Eugene Daniels said that the WHCA board had "unanimously decided we are no longer featuring a comedic performance this year."
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
Gaga, yes! After much anticipation, Lady Gaga is coming back to Miami this summer as part of a new international tour.