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.
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.
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.
The federal funds rate currently stands at a 5.25% to 5.50% range — the highest in more than 20 years — and there are expectations that the Fed will reduce the rate by 25 basis points.
Expected Federal Reserve rate cuts this week could mean relief for consumers.
The latest labor market data comes less than two weeks ahead of the Federal Reserve's decision on whether to cut interest rates.
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The Federal Reserve is meeting July 30-31 to discuss its benchmark rate. Here's what economists say about the impact on your money.
The Federal Reserve announced it will keep interest rates the same — to help ease rising prices. That decision comes as a new government report on inflation is released.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
The Federal Reserve concluded its latest policy meeting Wednesday, and made a decision on interest rates. CBS News Business Analyst Jill Schlesinger joins us from New York.
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.
A police chase that began in Golden Valley overnight Wednesday ended with both the suspect vehicle and an officer in a cruiser crashing into the Federal Reserve Bank building in downtown Minneapolis.
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.
Jeff Wagner talks with financial advisor Greg McBride about the Federal Reserve’s decision not to raise interest rates.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The Federal Reserve did what it had been signaling for weeks -- a pause in interest rate hikes. But it also warned to brace for more hikes this year.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A new Federal Reserve survey on economic confidence shows a record number of people say they’re not doing “at least OK financially.” University of Minnesota Professor Paul Vaaler reality check things when it comes to inflation -- and how we're doing.
Mental health is a topic that some might feel uncomfortable talking about. In St. Louis Park there's one event trying to change that.
Steph Curry scored 11 straight points in the fourth quarter and 31 for the night as the Golden State Warriors beat the Minnesota Timberwolves 113-103.
The train was stopped in the town of Hastings, about 20 miles from St. Paul, due to "switch issues," according to Amtrak's train status website.
Connor Hellebuyck made 19 saves for his NHL-leading fourth shutout of the season and 41st of his career to lead the Winnipeg Jets to a 5-0 victory Saturday night over the Minnesota Wild, who have lost four in a row.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Mental health is a topic that some might feel uncomfortable talking about. In St. Louis Park there's one event trying to change that.
The Minnesota United FC is already preparing for next season, less than a month after getting eliminated from the playoffs.
Minneapolis has softened an ordinance that prohibited obstructing entrances and driveways to abortion clinics after anti-abortion activists sued to challenge it on free-speech grounds.
In south Minneapolis, there's a tree that doesn't ask for much — just a little kindness and the willingness to connect.
A Hennepin County man is back in jail nearly a week after he was mistakenly released just hours after being sentenced to years in prison on drug-related charges.
Fraudsters have been posing as deputies reporting an "urgent" civil matter and more.
A Montrose man has pleaded guilty in connection to a deadly multi-vehicle collision involving a stolen truck earlier this year.
A 61-year-old man is dead after the vehicle he was driving collided with two semi-trucks on Interstate 94 during Thursday's winter storm.
An investigation is underway after a man and woman were found dead in a vehicle parked at the Duluth airport.
A one-year extension of federal farm programs, around $30 billion in economic relief and a break for the ethanol industry were part of a bipartisan deal that collapsed Wednesday after President-elect Donald Trump denounced it.
The Centers for Disease Control says no person-to-person transmission has been detected and the risk to the general public remains low.
The man was flown to a hospital in Minnesota, but the department gave no word on his condition. No one else was hurt.
Xcel says the project is intended to replace the energy that will be lost when its coal-fueled power plant near Stillwater closes in 2028.
Minnesota and Wisconsin leaders are responding to the school shooting at Abundant Life Christian School in Madison, Wisconsin.
Roughly 70,000 gallons of oil from a pipeline spilled into the ground in Wisconsin, officials said.
Army veteran Delphine Littlewolf and her 7-year-old son Curtis have been living in her compact car for six months.
It looks like any other grocery store, but when you check out at Today's Harvest in Maplewood, shoppers aren't spending a dime.
The Buck Hill slopes played host to "Carve for a Cure" on Sunday, a fundraiser for the Leukemia and Lymphoma Society.
As an equestrian with years of experience, Jen Kelly has taken a tumble or two — until a tumble in September 2020 where she broke three vertebrae in her neck and crushed her spinal cord.
A Vikings Hall of Famer is experiencing all kinds of emotions. Cris Carter is dealing with the announcement by Randy Moss of his cancer condition. Saturday night he surprised kids on behalf of the Salvation Army with a gift bag that lacked for nothing.
Minneapolis has softened an ordinance that prohibited obstructing entrances and driveways to abortion clinics after anti-abortion activists sued to challenge it on free-speech grounds.
A judge's ruling could shake up control of the Minnesota House.
A DFL state representative-elect did not meet residency requirements for the district he won and is not eligible to serve in that office, a judge ruled Friday.
Under the new law, aerosol dusters will need to be kept behind store counters, and can only sold to people 21 or older starting Jan. 1, 2025.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
If the snow can stick around, they could get back on track. But across the industry there is concern about what the Arctic Cat news means for snowmobile dealers.
For generations, it's been an iconic part of the Twin Cities, and now it has its very own song, thanks to one of Minneapolis' own.
It looks like any other grocery store, but when you check out at Today's Harvest in Maplewood, shoppers aren't spending a dime.
Heating your home in the winter can take a toll on your pocketbook, but it doesn't have to with some easy tips to save.
According to the Environmental Protection Agency, Americans produce 25% more trash from Thanksgiving to New Year's Day.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Fraudsters have been posing as deputies reporting an "urgent" civil matter and more.
A 29-year-old man has been charged with second-degree unintentional murder after a shooting that stemmed from a claimed theft.
A Montrose man has pleaded guilty in connection to a deadly multi-vehicle collision involving a stolen truck earlier this year.
A Hennepin County man is back in jail nearly a week after he was mistakenly released just hours after being sentenced to years in prison on drug-related charges.
Mental health is a topic that some might feel uncomfortable talking about. In St. Louis Park there's one event trying to change that.
Minneapolis has softened an ordinance that prohibited obstructing entrances and driveways to abortion clinics after anti-abortion activists sued to challenge it on free-speech grounds.
Under the new law, aerosol dusters will need to be kept behind store counters, and can only sold to people 21 or older starting Jan. 1, 2025.
The Centers for Disease Control says no person-to-person transmission has been detected and the risk to the general public remains low.
The Wisconsin Department of Health Services announced Wednesday that it had detected presumptive positive human case of H5N1 in Barron County.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Holidazzle is a free event with lights, stage performances, Santa, nearly 200 vendors and more. It runs Wednesday through Sunday.
For generations, it's been an iconic part of the Twin Cities, and now it has its very own song, thanks to one of Minneapolis' own.
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."
Thirty years ago on Friday, the Metropolitan Sports Center in Bloomington was demolished.
Two high-powered girls basketball teams in Delano and Centennial met on the court Friday. Plus, see how Prince and Hiawatha High School’s gym are heavily connected.
Steph Curry scored 11 straight points in the fourth quarter and 31 for the night as the Golden State Warriors beat the Minnesota Timberwolves 113-103.
Connor Hellebuyck made 19 saves for his NHL-leading fourth shutout of the season and 41st of his career to lead the Winnipeg Jets to a 5-0 victory Saturday night over the Minnesota Wild, who have lost four in a row.
Lindsey Vonn has finished 14th in a super-G to mark her return to World Cup skiing at age 40.
Dylan Guenther scored his second goal of the game midway through the third period and the Utah Hockey Club beat the Minnesota Wild 2-1.
Esme Murphy talks with Congressman Pete Stauber, who hopes to see President Biden’s 20-year moratorium on new mining near the Boundary Waters reversed by President-elect Donald Trump.
President-elect Donald Trump said he plans to reverse President Biden's 20-year moratorium on new mining near Minnesota's Boundary Waters Canoe Area Wilderness on his first day in office.
In this election, Klobuchar faired much better than all other Senate Democrats — she won by a significantly larger margin.
For Democrats the postmortem continues on why Vice President Kamala Harris and her Running mate Governor Tim Walz performed more poorly with almost every demographic than Joe Biden did in 2020. In Minnesota, Senator Amy Klobuchar did much better than Harris with some of those same groups.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
During the first week of December, Little Falls holds Christmas tours around town. It's a chance for historic buildings to deck their halls and spread their cheer.
Duluth is known for its scenic views across the city, but one location stands out from the rest.
One family's creative design in central Minnesota allows guests to sleep under the stars — at any time of year.
"Thomas Dambo, he believes the trolls really help us kind of shine a light on how we can take better care of the environment and be better to each other," said Stearns.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
There are a lot of reasons to get distracted this time of year and to procrastinate.
It's a term that's being thrown around a lot these days. Some think it's a social thing, others a medical thing.
Every home has a distinct smell, and chances are your home smells just as strong to other people. Why can't we notice our own home's smell but we can notice everyone else's?
An important deadline is approaching, and we're not talking about Christmas shopping. End of semester exams are coming up for students of all ages.
Jeff Wagner dives into the cold-weather dating trend that has singles looking for love with a time limit.
Regions Hospital and Children's Minnesota share photos of their tiniest patients dressed to the nines for Halloween.
Minnesotans got a great view of the northern lights Thursday night due to the arrival of a severe geomagnetic storm.
Minnesotans got a great view of the northern lights Monday night.
Storms ripped through parts of Minnesota and western Wisconsin on Thursday evening. There were several reports of tornadoes and trees were downed in the metro and beyond, including in Cottage Grove, Anoka, Champlin and Fridley.
A powerful thunderstorm tore through the grounds of the Minnesota State Fair on Monday night, delaying Tuesday's opening.
Saturday was our last cold day for a while, with a warm-up arriving Sunday and lasting through the holiday week.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
After a cold day on Saturday, temperatures will rise again on Sunday.
Most of the country will be above average this holiday season
Meteorologist Riley O'Connor forecasts mild temperatures after cold few days.
A holiday event full of heart took to the streets on a mission.
Saturday was our last cold day for a while, with a warm-up arriving Sunday and lasting through the holiday week.
Mental health is a topic that some might feel uncomfortable talking about. But in St. Louis Park, there's one event trying to change that
As family and community members come to grips with the loss of the two women,they're also remembering the impact they had on those around them.
After a cold day on Saturday, temperatures will rise again on Sunday.