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.
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.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
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.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
Smaller hike shouldn't be taken as sign central bank will let up on inflation fight anytime soon, Fed chair cautions.
Businesses become slightly less desperate for workers, but there are still 10.3 million open jobs.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Economists had expected the number of job openings to drop below 10 million for the first time since June 2021.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Borrowing costs for a conventional home loan have more than doubled over the last year.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
Crews will be out with a new tool Wednesday to help keep Minnesota's mosquitoes at bay before the season peaks this summer.
Wednesday will be breezy, sunny and warm, and the coming days will bring multiple chances of rain.
The Minnesota Wild clinched a spot in the playoffs in dramatic fashion when Joel Eriksson Ek scored the tying goal with 20.9 seconds left in regulation.
Ryan Jeffers and Harrison Bader had three hits apiece and Brooks Lee homered as the Minnesota Twins defeated the New York Mets 6-3.
A sure sign of spring might be flowing outside your home starting Wednesday. Streets will be soaked, but it won't be thanks to Mother Nature — fire hydrants are getting flushed.
Crews will be out with a new tool Wednesday to help keep Minnesota's mosquitoes at bay before the season peaks this summer.
A sure sign of spring might be flowing outside your home starting Wednesday. Streets will be soaked, but it won't be thanks to Mother Nature — fire hydrants are getting flushed.
For many, Tax Day is a last-minute rush, but now it's bringing uncertainty for undocumented people in the United States.
The incident happened along the tracks near 36th Avenue and Johnson Street Northeast.
The ethics standards in the Minnesota Legislature are facing fresh scrutiny after a prominent state senator didn't disclose a former legal client poised to benefit from a bill he sponsored.
A team of veterinarians in Minnesota decided to embark on a bold and relatively rare journey to fit a 5-year-old mini horse with a prosthetic leg.
Sherburne County authorities say the boys hit a wrong-way driver. As a Minnesota State Patrol trooper was responding, investigators say he couldn't slow down in time to avoid the crashed vehicles.
Last month, a jury found Deionte Parker guilty of aiding and abetting second-degree murder and being an ineligible person with a prior crime of violence in possession of a firearm.
Authorities in central Minnesota are investigating a string of vandalizations, and they're asking for the public's help.
A deputy in southwestern Minnesota is in the hospital with life-threatening injuries after a crash over the weekend.
As the days get longer, they are getting warmer. And while Minnesota doesn't get as hot as other parts of the country, heat still causes problems.
You could feel pain at the pump if a pipeline just west of Minnesota doesn't get up and running again soon.
An assistant district attorney in Wisconsin faces multiple felony charges after allegedly telling a coworker three judges "need to bleed" for ruling against him.
A Brooklyn Park, Minnesota man has been charged after a Blue Plate Restaurant Company co-owner was killed by a driver while on a motorcycle Sunday.
A Wisconsin man is cycling towards a cure for Parkinson's disease. Dozens of bikers are set to take off in an annual Wisconsin fundraiser called Peloton4Parkinson's at the end of April.
The birth of a child is typically the happiest day in a parent's life. But for a Minneapolis family, it started a mother's fight for her life.
Joan Jett and the Blackhearts, Cheap Trick and Ludacris are slated to headline Taste of Minnesota this year.
Low enrollment at Chelsea Heights Elementary School has impacted funding for music and arts programs, leaving staff to figure out how they will still deliver creative classes for students.
Avianah Drakeford was born with sickle cell disease, a genetic disorder that negatively affects how blood moves around the body. It's not life-threatening, but it is life-altering.
Yolanda Saldívar was denied parole, the Texas Board of Pardons and Paroles confirmed in a statement posted to its webpage.
The Trump administration is facing new warnings from a federal judge over its refusal to bring home a man it mistakenly deported to a prison in El Salvador.
For many, Tax Day is a last-minute rush, but now it's bringing uncertainty for undocumented people in the United States.
Tuesday is the tax deadline day. For many, it's a last-minute rush. Now, it's bringing uncertainty for undocumented people in this country. A new deal between the IRS and Homeland Security allows them to share tax information. Ubah Ali shows us the impact some tax preparers are already seeing.
The ethics standards in the Minnesota Legislature are facing fresh scrutiny after a prominent state senator didn't disclose a former legal client poised to benefit from a bill he sponsored.
Technology stocks surged after the Trump administration announced exemptions on smartphones, computers and other electronics from tariffs. That has some wondering whether now is the time to go ahead and buy certain gadgets, or whether it's smarter to wait.
Technology stocks surged after the Trump administration announced exemptions on smartphones, computers and other electronics from tariffs. That has some wondering whether now is the time to go ahead and buy certain gadgets, or whether it's smarter to wait.
Tim Hughes, owner of Maverick's Roast Beef, has purchased an 80-year-old Dairy Queen in an attempt to breathe new life into an iconic piece of Roseville, Minnesota history.
You could feel pain at the pump if a pipeline just west of Minnesota doesn't get up and running again soon.
The Metropolitan Airports Commission is letting Twin Cities residents know that a number of flight patterns may be temporarily different during two separate, weeks-long stretches this year.
Despite thousands of miles and an ocean between them, some Minnesota businesses rely on deals with China.
Last month, a jury found Deionte Parker guilty of aiding and abetting second-degree murder and being an ineligible person with a prior crime of violence in possession of a firearm.
Dogukan Gunaydin, a 28-year-old Turkish citizen, is an MBA student at the Carlson School of Management and was detained by ICE.
A man who threatened to "shoot up" the UnitedHealthcare Twin Cities campus on Monday now faces several charges.
A 36-year-old man accused of fatally shooting his roommate in the face on Friday in the Twin Cities is now charged with second-degree murder.
Authorities in central Minnesota are investigating a string of vandalizations, and they're asking for the public's help.
Duke, a 2-year-old lab, is a critical incident response dog with the Burnsville Police Department, specially trained to detect cortisol — a stress hormone — in people.
A man who threatened to "shoot up" the UnitedHealthcare Twin Cities campus on Monday now faces several charges.
CDC experts were not made available to discuss the findings showing a rise in autism prevalence.
State lawmakers say millions of dollars in health care funding are at risk if a proposal in the U.S. Congress goes through.
Thanks to a first-of-its-kind system in the United States, a western Minnesota county says it has kept PFAS and other contaminants from getting into the environment.
Familial folk group the Avett Brothers will strum, fiddle and sing on the Minnesota State Fair's Grandstand stage this year.
When F. Scott Fitzgerald wrote "The Great Gatsby" at the height of the roaring '20s, he couldn't possibly realize that the book would emerge as one of the very top contenders for "the great American novel."
The lineup for the 2025 Cannes Film Festival was unveiled Thursday morning, and includes a mix of names familiar to the competition alongside some relative newcomers.
Hometown hip-hop act Atmosphere is set to play the Minnesota State Fair's Grandstand this summer.
Jay North, who starred on TV's "Dennis the Menace" for four seasons starting in 1959, has died.
The Minnesota Wild clinched a spot in the playoffs in dramatic fashion when Joel Eriksson Ek scored the tying goal with 20.9 seconds left in regulation.
Ryan Jeffers and Harrison Bader had three hits apiece and Brooks Lee homered as the Minnesota Twins defeated the New York Mets 6-3.
A Minneapolis teacher is helping high school basketball players get one more look from college coaches.
Xcel Energy's naming rights for the arena will expire this summer after 25 years, but the power company will remain a partner of the Wild.
With the 2025 NFL draft quickly approaching, a consensus seems to be developing around expert predictions for the Minnesota Vikings' first-round pick.
At the State Capitol, there is a bipartisan effort to limit the authority of homeowner association (HOA) boards and make their dealings more transparent.
In Minnesota, 1.5 million people live in HOAs. Complaints include that people are being foreclosed on for unpaid fees.
The president of the Minnesota Farmers Union says members are hurting due to the president’s actions.
J.P. Morgan revised its prediction for a recession to 60% for this year.
Minnesota currently receives $23 billion in federal aid per year accounting for 35% of the state's revenue.
April 15 will be the 113th anniversary of the day the Titanic sank in the North Atlantic, taking with it 1,500 lives. From news to movies, people still marvel over what happened.
It's sap-tapping season in our state. In this week's Finding Minnesota, John Lauritsen shows us how an Otter Tail County man landed in the Maple Syrup Hall of Fame.
In this week's Finding Minnesota, John Lauritsen shows how one group is unearthing a bit of history.
South of Hastings, Minnesota, there's a town without a single resident and there are businesses that don't sell a single thing. Yet people can't wait to visit, and once here, they don't want to leave.
Lovers of old-school records in the Twin Cities, listen up: you can get a record made in your own backyard.
A sure sign of spring might be flowing outside your home starting Wednesday. Streets will be soaked, but it won't be thanks to Mother Nature — fire hydrants are getting flushed.
No matter how you take your coffee, there are endless ways to create the morning staple.
Being married has its benefits, but a new study found that staying single late in life might actually be better for your brain.
Professor David Geary, a cognitive scientist and evolutionary psychologist, has researched the topic of heights and says humans have been getting taller.
Artificial dyes made using chemicals and are thus regulated by the Food and Drug Administration to ensure their safety. But do we need them?
A spring snowstorm dropped several inches of plowable snow overnight in the Twin Cities and other parts of Minnesota.
Six Minnesota Vikings made the initial roster for the 2025 Pro Bowl Games, the most in 15 years.
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.
Wednesday will be breezy, sunny and warm, and the coming days will bring multiple chances of rain.
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.
Wednesday will be breezy, sunny and warm, and the coming days will bring multiple chances of rain.
WCCO meteorologist Chris Shaffer says the wind will die down tonight, plus there's a chance you could see the Northern Lights.
WCCO meteorologist Chris Shaffer says the wind will finally settle down tonight and we'll warm back to average tomorrow.
Experts say you may want to hold off on buying some tech products, plus more of the day’s top stories.
The Trump administration is facing new warnings from a federal judge over its refusal to bring home a man it mistakenly deported to a prison in El Salvador.
The madness of March may be over, but the mosquito madness is just beginning.
Wednesday will be breezy, sunny and warm, and the coming days will bring multiple chances of rain.
WCCO meteorologist Chris Shaffer says the wind will die down tonight, plus there's a chance you could see the Northern Lights.