Fed holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
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The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
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.
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 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.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
The central bank has pushed pause after 11 straight interest-rate hikes. Here are steps to take with your money now.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Although policymakers kept rates steady last month, some Fed officials wanted to keep raising them.
After raising rates from zero to 5% in 15 months, the central bank is pausing to assess the economic impact of monetary tightening.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Stocks closed lower following latest update on inflation and warning of possible recession.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Some policy experts are urging the central bank to stop jacking up interest rates before it tanks the economy.
A teacher was arrested in Tuolumne County Saturday afternoon after deputies said he threw an indoor baseball base at a student on Friday.
A man in his 30s died after running a red light and crashing with another vehicle in Carmichael on Saturday afternoon, the California Highway Patrol said.
Traffic may be impacted on northbound Highway 99 Saturday afternoon for an investigation after a man was found dead on the shoulder, the California Highway Patrol said.
A suspect in a shooting this week on Interstate Highway 80 in Solano County was arrested in Vacaville, the California Highway Patrol reported Saturday.
A shooting overnight in a Stockton neighborhood left a woman dead early Saturday morning, authorities said.
A teacher was arrested in Tuolumne County Saturday afternoon after deputies said he threw an indoor baseball base at a student on Friday.
A man in his 30s died after running a red light and crashing with another vehicle in Carmichael on Saturday afternoon, the California Highway Patrol said.
The city of Stockton investing $2 million into its city lights aimed at fixing every light in the city that is broken.
Plans for another new hotel in downtown Sacramento are being unveiled and this one is in the city's most historic spot.
Traffic may be impacted on northbound Highway 99 Saturday afternoon for an investigation after a man was found dead on the shoulder, the California Highway Patrol said.
As the demand for eggs skyrockets, so is the demand for chickens.
Each time winter storms pass over Sacramento, the work begins to collect all the fallen trees blown over by strong gusts and saturated ground.
Recurring mail theft in the Natomas area of Sacramento has residents frustrated, suspecting thieves have access to a master key.
Suspects in an armed robbery were detained after they barricaded in a south Sacramento home, police said early Saturday evening.
A Sacramento man was attacked by a person he gave a place to live and believed to be a friend. In this case, a gut feeling — and a neighbor's willingness to act — may have saved a life.
Two ski patrol staff at Mammoth Mountain were caught in an avalanche while doing mitigation work after an atmospheric river dropped about six feet of snow in 36 hours, Mammoth Mountain officials said.
A young woman suffered only moderate injuries after a Northern California high country crash during Thursday's storm, authorities say.
A satirical online petition is catching the attention of Californians and Danes alike.
California Gov. Gavin Newsom signed laws Friday setting aside $50 million to help the state protect its policies from challenges by the Trump administration and defend immigrants amid the president's mass-deportation plans.
A skier at Palisades Tahoe ski resort died earlier this week after crashing into a tree, the resort confirmed Friday.
Listeners seeking out Athletics games on the radio will have to save a new number on the dial this upcoming season in Sacramento.
CJ McCollum scored 37 of his 43 points after halftime — including 11 points in overtime — and the New Orleans Pelicans snapped a 10-game losing streak with a 140-133 victory over the Sacramento Kings.
The Sacramento Kings and former No. 1 pick Markelle Fultz have agreed to a contract for the rest of the season, the Kings announced Wednesday night.
Keon Ellis hit seven 3-pointers during a 27-point performance, Zach LaVine scored 20 of his 23 points in the second half, and the Sacramento Kings beat the New Orleans Pelicans 119-111.
A judge has granted the release of former San Francisco 49er Dana Stubblefield after his 2020 rape conviction was vacated by a California appeals court last December.
President Trump last week fired the head of the National Archives and Records Administration and installed Secretary of State Marco Rubio as her acting replacement.
San Francisco city officials are investigating after three men who claimed to be from the Department of Government Efficiency (DOGE) showed up at City Hall on Friday demanding records from offices before fleeing.
The White House is citing the news outlet's decision declining to recognize the Trump administration's name change from Gulf of Mexico to Gulf of America.
No states mandate that students receive the COVID-19 vaccine, though other vaccine requirements remain in place.
Claudia Sheinbaum said the U.S. Justice Department itself has recognized that "74% of the weapons" used by criminal groups in Mexico come from north of the border.
No states mandate that students receive the COVID-19 vaccine, though other vaccine requirements remain in place.
Recalled rolling coolers were sold for a six-year period by retailers nationwide including Amazon, Costco and Target.
Pertussis cases are on the rise again, after a dip following the winter holidays.
The CDC says respiratory illness is now "very high" nationwide.
Knobs on ranges can be unintentionally activated, an issue that has proved a hazard with other brands, safety agency says.
As the demand for eggs skyrockets, so is the demand for chickens.
Within the next two weeks, construction is going to start on underground infrastructure to put in power and water for the new shopping center with a car wash, food and retail shops.
The first dispensary of three planned in the city of Manteca held its soft opening.
Roadside food stands are a popular place to get a quick bite to eat, but Sacramento County worries some are also serving up problems.
Increasing costs have weighed up against Marcella's Mexican Restaurant, which has stayed in the same location under the same name for over 50 years.
As California faces the largest insurance crisis in the state's history, there is still no leader of the state Senate Insurance Committee. Half committee members are new to the committee, the committee staff is new, and arguably, the most experienced and qualified person in the Senate to lead this committee is embroiled in a federal corruption investigation.
In an exclusive interview, Huskins and Quinn take us through his interrogation, showing us step-by-step how old-school interrogation training led to their "American Nightmare."
In an exclusive interview with CBS News California, Denise Huskins and Aaron Quinn reveal the timeline of Matthew Muller's cold-case crimes. Crimes they helped solve. The survivors detail how it took a decade, a documentary, a small-town chief, and a rural district attorney to get anyone to listen.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
A West Sacramento woman who lost everything when her home flooded knew she had to step in to help those now suffering the same fate in the Los Angeles area.
As containment grows on the Los Angeles-area fires, the state's disaster response is not done even when the flames are out.
The dangers of responding to a disaster are made a little less risky thanks to this roadside pit stop in Davis.
The Walt Disney Company committed $15 million to help with response and rebuilding efforts for the deadly wildfires that have scorched the Los Angeles area this week.
Los Angeles Mayor Karen Bass awkwardly remained silent when she was questioned by a reporter at Los Angeles International Airport about the devastating fires.
Cake, candles, chicken and a cow are the recipe for a 90th birthday celebration at the Madison Avenue Chick-fil-A for a long-time customer who has become a staple in the Sacramento community.
A high school senior and his girlfriend dressed up as Santa and Mrs. Claus and handed out gifts to every student at their school, Marysville Charter Academy for the Arts.
It was a day of conquering fears and overcoming odds at the Sacramento Deep Water Channel this weekend. People living with physical disabilities got an opportunity to feel the exhilaration of setting sail.
A nutrition program to get kids excited about healthy eating in Yuba City is seeing success and now the farm-to-school program will be growing not just food but in size and opportunity.
Kids and teens in Stockton are flocking to a program that's offering them the opportunity of a lifetime.
The mega drop for Girl Scout Cookies was held in West Sacramento for troops around the area to pick up their cookies.
Thousands of people were expected to attend the Wild & Scenic Film Festival in Nevada City and Grass Valley.
Here's a look at the weather forecast Saturday evening.
Traffic may be impacted on northbound Highway 99 Saturday afternoon for an investigation after a man was found dead on the shoulder, the California Highway Patrol said.
Meteorologist Ashley Nanfria says some showers could be seen across the Sacramento Valley on Sunday, but not for long.