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Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
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Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
CBS News Business Analyst Jill Schlesinger discusses recent economic signs.
Cooling price growth in food, rent and energy mean that workers' pay is finally beating inflation.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Minnesota officials discovered an error in a tax cut bill lawmakers passed this spring that could cost taxpayers $352 million over the next two years, but state leaders promised to fix it before it would take effect.
If you're hosting the Fourth of July barbecue at your house, you're probably still seeing higher prices for some items. Others are actually lower this year compared to last.
The American Farm Bureau Federation says families can expect to pay $67.73, down 3% from last year's record high. The cookout includes 12 staple items, including hamburger buns, beef, chicken breast, lemonade, and chocolate chip cookies.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
The Federal Reserve stabilized interest rates yesterday, which could bring in more buyers. But that doesn't mean the process will be easier or cheaper any time soon. WCCO's Allen Henry explains.
Sweden sees 0.2% "Beyoncé blip" in inflation as fans flock to Stockholm for singer's World Renaissance Tour.
CBS News Business Analyst Jill Schlesinger breaks down the latest numbers.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
Hiring surged in May, indicating the job market remains resilient despite high-interest rates and still-elevated inflation.
A new federal reserve survey shows 35% of those polled believe they're worse off than a year ago. But there are some areas where prices are improving.
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.
Target has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Stocks rose to their highest level in almost two months in another sign that inflation is cooling.
Stocks closed lower following latest update on inflation and warning of possible recession.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Neel Kashkari says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
The National Hockey League's top trophy will not be in the Twin Cities on Friday due to flight issues caused by the global IT outage.
Minnesota health care systems are working to recover after a technical outage overnight caused Microsoft systems to go down globally.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
Get ready for back-to-school and discover which Apple iPad models are best suited for college students in 2024.
The National Hockey League's top trophy will not be in the Twin Cities on Friday due to flight issues caused by the global IT outage.
The global Microsoft outage is causing mass flight cancellations and delays nationwide Friday morning, including at Minneapolis-St. Paul International Airport.
Workers are demanding answers after a Minneapolis nonprofit shut down without notice, potentially leaving thousands of clients without care.
The new law gives more guidance on child car seats, specifying ages for car seats in addition to the child's size.
A 17-year-old boy has been charged with attempted murder for allegedly shooting another person in the face after a party in St. Paul last month.
A deputy is in stable condition after their squad car went off a south-central Minnesota road and flipped on Thursday evening.
A motorist lost control of their car, went airborne and crashed into the garage roof of a southeastern Minnesota home on Thursday morning.
The new law gives more guidance on child car seats, specifying ages for car seats in addition to the child's size.
Across three-quarters of a century, the Hazelden Betty Ford Foundation has treated nearly 23,000 people with addiction.
Hundreds of athletes, 12 days of fun and just one wheel. Unicon 21, the unicycling world convention and championships, is underway at Bemidji's Sanford Center.
The Dunn County Sheriff's Office says the crash happened around 10:46 a.m. at 710th Street and 240th Avenue in Spring Brook.
A group of farmers is changing how they use their land by working with nature to improve their animal's health, along with the soil and water.
A faculty committee has recommended that a former chancellor of the University of Wisconsin at La Crosse be removed from his tenured position over his involvement in adult entertainment.
"I was like, okay we got to do something about this. We have to write a story that actually talks about what it's like to have a disability and that you are just a normal person," said writer Katie Mettner.
There may be no better cultural ambassador for Wisconsin than Charlie Berens.
The Minnesota Vikings are sponsoring girls flag football leagues across the state in an effort to give everyone a chance to play the game.
Spike Moss spent decades fighting for his community, much of that time along Plymouth Avenue.
Veterans who had been living on the street now have a new home in St. Paul as part of the Minnesota Assistance Council for Veterans' effort to end homelessness.
On the museum's website, a banner reads: "There's no place like home. Donate to keep the ruby slippers where they belong."
Since the crash, the Elk River hockey community has donated more than $16,000 to help Charles Gabrelcik in his recovery.
Former President Donald Trump publicly recounted the assassination attempt for the first time during a speech at the Republican National Convention.
Former President Donald Trump placed Corey Comperatore's firefighting helmet and jacket on stage during his address at the Republican National Convention.
Two senior House Democrats believe Biden could leave the 2024 presidential race within days after a pressure campaign from top Democratic lawmakers.
Dobbs was an early and vocal supporter of former President Donald Trump during his candidacy for the White House in 2020 and throughout his presidency.
Trump would also lead Harris. Voters say both Biden and Trump encouraged national unity after assassination attempt against Trump.
The global Microsoft outage is causing mass flight cancellations and delays nationwide Friday morning, including at Minneapolis-St. Paul International Airport.
Whether you plan to hit the water, savor the treats or maybe just stay indoors, Minnesotans are in for a hot summer weekend.
A 2019 blue Hyundai Elantra has given Erin Walters the freedom to travel across the country. That all changed a week ago after she tried renewing her car insurance with State Farm and was denied.
A recent study shows that Minnesota is ranked sixth in the nation for business, with high marks coming from areas judging the state's competitiveness, workforce, infrastructure, economy, quality of life and business friendliness.
TikTok chose to do its media presentation in the Twin Cities at Glam Doll Donuts in south MInneapolis. Among the presenters were two local women who are thriving on the platform.
A 17-year-old boy has been charged with attempted murder for allegedly shooting another person in the face after a party in St. Paul last month.
A Virginia man flew to Minnesota to try and meet a teenage girl he allegedly contacted through social media and coerced into creating sexually explicit material, according to an indictment filed by U.S. Department of Justice.
Four people were hospitalized and several businesses sustained damage after a shooting late Wednesday night on Nicollet Mall in downtown Minneapolis.
Jaylani Hussein, the executive director of CAIR-MN, says the building had been vacant for more than a year without incident, then the plans for the space were announced to neighbors in May.
Erick Haynes was sentenced to life in prison in April for the murder of McKeever, the mother of his 1-year-old child.
Minnesota health care systems are working to recover after a technical outage overnight caused Microsoft systems to go down globally.
Energy drinks have been around since the 1940s, and in recent years, they've become all the buzz — especially with young people. But studies have shown they may not be as popular with our hearts.
Across three-quarters of a century, the Hazelden Betty Ford Foundation has treated nearly 23,000 people with addiction.
The nice weather this week might have you wanting to go for a swim, but several beaches in Minneapolis are still off limits.
South Dakota Judge John Pekas dismissed a lawsuit filed by an anti-abortion group, Life Defense Fund, that sought to have the question removed even though supporters turned in more than enough valid signatures to put it on the ballot.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
From major floods to a major festival — work is underway to transform St. Paul's Harriet Island into an oasis for festivalgoers.
Minnesota's largest Black-sponsored festival will ring in its 42nd year this weekend with performances from two of hip hop's most legendary artists.
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.
The National Hockey League's top trophy will not be in the Twin Cities on Friday due to flight issues caused by the global IT outage.
This season with the Minnesota Lynx has been as enjoyable as ever for Cheryl Reeve.
The Minnesota Vikings are sponsoring girls flag football leagues across the state in an effort to give everyone a chance to play the game.
Minnesota Twins legend will be officially inducted into the National Baseball Hall of Fame on Sunday — and WCCO will be celebrating with a live special.
It will also mark the Twins' second ever Opening Day game against a National League team.
A presidential race like no other seems like a farfetched fiction novel after the assassination attempt on former President Donald Trump. In Talking Points, Esme Murphy explores the future of the race amid calls for unity and Trump's gaining momentum in Democratic stronghold states.
A presidential race like no other seems like a farfetched fiction novel after the assassination attempt on former President Donald Trump. In Talking Points, Esme Murphy explores the future of the race amid calls for unity and Trump's gaining momentum in Democratic stronghold states.
A presidential race like no other seems like a farfetched fiction novel after the assassination attempt on former President Donald Trump. In Talking Points, Esme Murphy explores the future of the race amid calls for unity and Trump's gaining momentum in Democratic stronghold states.
A presidential race like no other seems like a farfetched fiction novel after the assassination attempt on former President Donald Trump. In Talking Points, Esme Murphy explores the future of the race amid calls for unity and Trump's gaining momentum in Democratic stronghold states.
Some supporters at Saturday's rally in Pennsylvania were hoping to hear former President Donald Trump announce his vice presidential pick. For now, the assassination attempt is overshadowing everything in this heated presidential race. Esme Murphy has the latest in Talking Points.
Instead of watching old, classic cars leave the state, a museum in Wright County is trying to keep them around at the Veit Museum near Buffalo.
When Belgian immigrants settled in Ghent, they brought along rolle bolle — a sport that's sort of a cross between curling and lawn bowling — but you don't play with a ball, you play with a bolle.
The town of Remer is surrounded by hundreds of acres of woods and marshes. A perfect place for squirrels, deer, bears and maybe even Bigfoot.
Native Americans, Swedish immigrants and even cattle thieves have all taken shelter in a little spot along the St. Croix River.
Claws, scales, teeth and tails: There's a place in Medford where alligators and snakes have taken over.
Energy drinks have been around since the 1940s, and in recent years, they've become all the buzz — especially with young people. But studies have shown they may not be as popular with our hearts.
The sounds of summer wouldn't be complete without the familiar tune of mosquitoes buzzing. But did you ever wonder: Why do mosquitoes buzz? Good Question.
The funny bone is anything but funny. So why does it hurt so bad when it gets hit? It turns out there's a "humerus" answer.
It's an age-old question that's been studied for years: When is the best time to exercise? Good Question.
Summer projects around the house are a staple of the season. Figuring out which ones to tackle yourself versus hiring a professional can be tough for beginners.
The Minnesota State Fair has announced its new offerings for 2024, and they include plenty of fried foods, plenty of dairy, and plenty of sweet corn. See the full roster of new items here.
Thousands lined the streets of Hennepin Avenue on Sunday for the Twin Cities Pride Parade.
Many Minnesotans will be cleaning up Thursday from a storm system that brought sizable hail, heavy winds and possible tornado touchdowns.
Minnesotans were delighted by an otherworldly light show Friday night that was on a level the state hadn't seen in nearly two decades.
Many Minnesotans were treated to a stunning double rainbow on Thursday.
WCCO meteorologist Joseph Dames shares the forecast for the weekend, which includes multiple chances for rain, yet again.
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.
Meteorologist Joseph Dames has the latest forecast.
We will wrap up the week with departing high pressure, leaving us with a pretty nice Friday forecast in the Twin Cities.
WCCO meteorologist Chris Shaffer says tomorrow will be warmer and there will be some isolated showers.
WCCO meteorologist Joseph Dames shares the forecast for the weekend, which includes multiple chances for rain, yet again.
The global Microsoft outage is causing mass flight cancellations and delays nationwide Friday morning, including at Minneapolis-St. Paul International Airport. The outage is being caused by a CrowdStrike software glitch.
A motorist lost control of their car, went airborne and crashed into the garage roof of a southeastern Minnesota home on Thursday morning.
Meteorologist Joseph Dames has the latest forecast.
WCCO meteorologist Chris Shaffer says tomorrow will be warmer and there will be some isolated showers.