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 its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
CBS News Business Analyst Jill Schlesinger joins on what the cut of interest rates means to our wallets and the future of inflation. For more analysis go to www.jillonmoney.com. (09-19-2024)
Sooji Nam reports on the impact the interest rate cut by the Federal Reserve could have on the San Francisco Bay Area housing market.
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 August employment report shows 142,000 jobs added to the United States with the labor market saying inflation seems to cool down. For more analysis go to www.jillonmoney.com. (08-06-2024) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv Twitter: https://twitter.com/KPIXtv
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
CBS News Business Analyst Jill Schlesinger explains the month of June’s numbers and if we are close to seeing lowered interest rates. For more analysis go to www.jillonmoney.com. (07-11-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
The latest CBS News poll found that 72% of Americans say higher prices have been a hardship or more difficult, and 63% rate the economy as fairly bad or very bad. Mark Strassmann on how voters are feeling amid the signs that inflation is cooling — but not fast enough for many Americans.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
In the latest inflation report, CBS News Business Analyst Jill Schlesinger discusses the “financial diet” in American loan debt while percentages see an all-time high. For more analysis, go to www.jillonmoney.com. (05-15-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
CBS News Business Analyst Jill Schlesinger joins Nicole Zaloumis to discuss how the monthly employment report has lowered compared to other months while the fed hopes wages and inflation cool down. (05-03-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
U.S. economic growth slowed more than expected in first quarter of 2024, with inflation-weary consumers tightening their belts and spending less, the government reported on Thursday. Interview with CBS business analyst Jill Schlesinger.
The Federal Reserve wrapped up its policy meeting Wednesday with an announcement about interest rates. Interview with CBS News business analyst Jill Schlesinger
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
Oakland officially has a new, temporary mayor in Nikki Fortunato Bas, who is taking over for ousted former mayor Sheng Thao, whose last day in office was Tuesday.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
Oakland officially has a new, temporary mayor in Nikki Fortunato Bas, who is taking over for ousted former mayor Sheng Thao, whose last day in office was Tuesday.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years.
After being approved by voters by a wide margin, Proposition 36 went into effect across California on Wednesday, which toughens penalties for certain theft and drug offenses.
San Francisco Mayor London Breed on Wednesday announced she is appointing Stephen Sherrill as the new supervisor representing District 2 on the north end of the city.
A suspect who was out on bail was arrested early Monday morning in Half Moon Bay on suspicion of multiple crimes including burglary, possession of drugs and possession of stolen property, according to the San Mateo County Sheriff's Office.
A driver crashed into a San Francisco business and injured three people Tuesday afternoon, police said.
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
Oakland officially has a new, temporary mayor in Nikki Fortunato Bas, who is taking over for ousted former mayor Sheng Thao, whose last day in office was Tuesday.
For the 86th year, residents along a stretch of Thompson Avenue in Alameda have pulled out all the stops during the holidays, transforming their street into what is dubbed "Christmas Tree Lane."
Wednesday morning in East Contra Costa County, state agents made the latest in a series of cannabis grow-house raids in residential areas across the region that are all owned by Chinese nationals.
A former FBI special agent from the Bay Area was arrested and indicted on multiple federal charges after prosecutors said he made unwelcome romantic advances toward a law student and cyberstalked her for nearly a year.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Bay Area post offices were packed with people trying to beat holiday shipping deadlines on Wednesday. The increased number of packages being mailed increases the workload for local postal employees.
Police in San Jose announced an arrest Tuesday in connection with a home invasion robbery and sexual assault last month at an apartment near the San Jose State University campus.
Officials with the California Highway Patrol and Caltrans on Monday afternoon confirmed state Route 9 near Saratoga has been closed in both directions due to a mudslide.
There were no injuries to staff or animals following a fire Monday morning at the Humane Society Silicon Valley building in Milpitas, but the facility is closed for the rest of the day, officials said.
Service on Sonoma-Marin Area Rail Transit was unavailable Monday because of storm damage and for extended systems testing, the agency said.
Zakir Hussain, one of India's most accomplished classical musicians who defied genres and introduced tabla to a global audience, has died.
A North Bay city experienced a city-wide power outage on Saturday after high winds downed power lines and trees.
San Francisco residents were woken up by a tornado warning early Saturday morning during a powerful storm system that battered the region with heavy rain and wind.
The Bay Area was soaked by a powerful storm system overnight into Saturday morning, causing flooding and even triggering what is reported to be the first-ever tornado warning in San Francisco, officials said.
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
San Francisco coach Kyle Shanahan said the team is getting close to ruling out star left tackle Trent Williams for the rest of the season as his injured ankle isn't healing as fast as the 49ers hoped.
The San Francisco 49ers have suspended linebacker De'Vondre Campbell for the final three games of the regular season after he refused to enter a game after losing his starting job.
Luka Doncic had his 80th career triple-double with a season-high 45 points along with 13 assists and 11 rebounds, and the Dallas Mavericks beat Klay Thompson's former Golden State Warriors 143-133 on Sunday night in a second visit to Chase Center in just more than a month.
Clayton Keller scored a power-play goal with 43.8 seconds remaining and the Utah Hockey Club rallied to beat the San Jose Sharks 4-3 on Saturday night.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
After being approved by voters by a wide margin, Proposition 36 went into effect across California on Wednesday, which toughens penalties for certain theft and drug offenses.
Wednesday morning in East Contra Costa County, state agents made the latest in a series of cannabis grow-house raids in residential areas across the region that are all owned by Chinese nationals.
A former FBI special agent from the Bay Area was arrested and indicted on multiple federal charges after prosecutors said he made unwelcome romantic advances toward a law student and cyberstalked her for nearly a year.
Police in Oakland are seeking the public's help in solving a fatal shooting in September during a high school reunion.
In the face of wide speculation about how artificial intelligence will impact workers in the Bay Area and beyond, a series of billboards plays on those concerns, advertising what appears to be a nightmare scenario where people are entirely replaced by computers.
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Members of Cash App founder Bob Lee's family had sharp criticism Tuesday for those close to Nima Momeni, who was convicted of second-degree murder in Lee's 2023 stabbing death in San Francisco.
Nima Momeni has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee, a verdict reached by a San Francisco jury after seven days of deliberations.
Trump had warm words about TikTok and its near-term future earlier Monday, as the app faces a U.S. ban that's set to go into effect next month unless its Chinese-owned parent company cuts ties with it.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Researchers at Stanford University believe a newly developed AI tool could help in the fight against cancer and other diseases.
Striking San Francisco hotel workers are attempting to discourage people from attending a major healthcare conference in January.
At least 364 pertussis cases were reported, marking the worst Thanksgiving week on record.
A recent study from Stanford Medicine emphasized the importance of "Kangaroo Care" for premature newborns, citing that the skin-to-skin care method improves the child's cognitive health and stabilizes the newborn's heart rate.
Oakland officially has a new, temporary mayor in Nikki Fortunato Bas, who is taking over for ousted former mayor Sheng Thao, whose last day in office was Tuesday.
After being approved by voters by a wide margin, Proposition 36 went into effect across California on Wednesday, which toughens penalties for certain theft and drug offenses.
San Francisco Mayor London Breed on Wednesday announced she is appointing Stephen Sherrill as the new supervisor representing District 2 on the north end of the city.
House Speaker Mike Johnson is facing a revolt from fellow Republicans over a last-minute measure to keep the government funded and avoid a shutdown.
The Oakland City Council voted Monday to place a half-cent sales tax increase on a special election ballot in April to help fix a long-term structural budget problem but declined to ask voters to weigh in on a proposed parcel tax.
Police in Santa Cruz have arrested a man on suspicion of a hate crime after a LGBTQ+ bar in the city's downtown was vandalized early Tuesday morning.
The building located off Folsom Street will include 42 units for young adults ages 18 to 24.
San Jose State's volleyball team was the subject of a national debate about women in sports.
A look at key dates before and during the San Jose State women's volleyball season marked by multiple forfeits by teams claiming the Spartans have a transgender player.
San Jose State says it's disappointed that Boise State forfeited its semifinal match in the Mountain West women's volleyball tournament but is focused on the future.
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
One spectacular holiday light display in the East Bay takes its central inspiration not from Santa or Christmas elves, but canines.
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
Comedian Nikki Glaser, known for her honest style, is gearing up to host the 82nd Annual Golden Globes.
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."
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years. Andrea Nakano reports.
Milpitas police are investigating after four people, including two preteens, were found dead inside an apartment complex Wednesday following a welfare check. Kara St. Cyr reports.
Nahima Aguiniga works as a USPS letter carrier six days a week in San Jose. She has been working for the postal service for the past seven years. Sooji Nam reports.
CBS News Bay Area evening headlines for Dec. 18, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
Following the recall of Sheng Thao in last month's election, Nikki Fortunato Bas was sworn in as Oakland mayor on Wednesday. Fortuanto Bas will serve until she is sworn in on the Alameda Co. Board of Supervisors next month.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
An Oakland woman has brought the joy of dance and an appreciation for African American culture to performers and audiences for 52 years.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.