The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
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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)
The Fed's decision to cut interest rates is sure to have an impact on the Bay Area real estate market, with the move encouraging both potential home sellers and buyers to get into the action.
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.
CBS News correspondent Nancy Chen explains how to achieve the American dream when buying a home. The Money Watch Housing Guide helps with the best time to start saving and how interest rates play a huge factor. Gianna Franco interviews. (09-13-2024) 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 Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
CBS News Business Analyst Jill Schlesinger reports the May jobs report and its impact on interest rates. For more analysis, go to www.jillonmoney.com. (06-07-2024) 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 to discuss home affordability for sellers and buyers. For more analysis go to www.jillonmoney.com. (05-23-2024) 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 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.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing 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
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.
The U.S. economy ended 2023 with stronger than expected growth, the Commerce Department reported Thursday. However, it's been a tale of two economies for many Americans. Nikki Battiste explains.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
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.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
At least one person has died after a boat capsized near Bodega Bay in Sonoma County Monday afternoon, authorities said.
A series of storms fueled by an atmospheric river is taking aim at the Bay Area, intensified by a so-called "bomb cyclone" that promises heavy rain and potential flooding.
Alameda County District Attorney Pamela Price sent out a statement Monday acknowledging the successful recall, saying the voters have spoken.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
A city in the Bay Area has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force when a K-9 dog tore out a woman's scalp during her arrest.
At least one person has died after a boat capsized near Bodega Bay in Sonoma County Monday afternoon, authorities said.
A series of storms fueled by an atmospheric river is taking aim at the Bay Area, intensified by a so-called "bomb cyclone" that promises heavy rain and potential flooding.
Alameda County District Attorney Pamela Price sent out a statement Monday acknowledging the successful recall, saying the voters have spoken.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
A city in the Bay Area has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force when a K-9 dog tore out a woman's scalp during her arrest.
Five Congressional and state leaders from San Mateo County on Monday called upon embattled Sheriff Christina Corpus to resign, saying her continued tenure impacts public safety.
A 31-year-old bicyclist died after she was hit by a driver in San Carlos over the weekend, authorities said Monday.
San Francisco Mayor-elect Daniel Lurie announced members of his transition team, a group that he described as "shaking up the status quo" which include Open AI CEO Sam Altman and retired Fire Chief Joanne Hayes-White.
San Francisco leaders and community members came together Sunday to continue to fight for safer streets on World Day of Remembrance for Traffic Victims.
San Francisco 49ers tight end George Kittle will miss the game against the Seattle Seahawks with a hamstring injury.
Alameda County District Attorney Pamela Price sent out a statement Monday acknowledging the successful recall, saying the voters have spoken.
A city in the Bay Area has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force when a K-9 dog tore out a woman's scalp during her arrest.
The Port of Oakland will receive nearly $50 million in federal funding for infrastructure upgrades as part of the $580 million national investment in port improvements under the Bipartisan Infrastructure Law.
On Sunday in Pleasanton, fans of the game got a chance to see how the professionals do it, as a new league is bringing some of the best table tennis players in the world to the Bay Area.
Oakland will need to look at making some severe cuts to balance its budget. The finance department sounded the alarm on Friday, saying to balance the budget now or declare a fiscal emergency.
A report of a family disturbance in a San Jose neighborhood led to a police shooting Sunday night.
An Alaska Airlines flight into San Jose landed safely after calling for a priority landing Sunday evening, the airliner said.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
With home ownership and rental prices out of reach, people in neighborhoods across the bay move into RVs and other oversized vehicles to give them some way to stay. In San Jose, encampments forming around those RVs are a source of growing frustration.
November 15th is "America Recycles Day". It's the only nationally recognized day that's dedicated to promoting and celebrating recycling. But along the Monterey Peninsula, a group of graduate students got a head start with their annual "Trash Bash."
At least one person has died after a boat capsized near Bodega Bay in Sonoma County Monday afternoon, authorities said.
A Vallejo man was federally indicted on sexual exploitation of a minor and other charges, according to documents unsealed by the U.S. Department of Justice.
The Sonoma County Sheriff's Office arrested a suspect in connection to a killing in Valley Ford on Saturday.
Community tips helped Santa Rosa police identify a suspected burglar and seize 13 illegally possessed firearms, resulting in two arrests, police said.
A vigil will be held Saturday at Bodega Bay to mourn the loss of four family members and a friend who died after their boat capsized during a fishing trip.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Geno Smith scored on a 13-yard scramble with 12 seconds remaining and the Seattle Seahawks snapped a six-game losing streak against the San Francisco 49ers with a 20-17 victory.
San Francisco 49ers tight end George Kittle will miss the game against the Seattle Seahawks with a hamstring injury.
Ashton Jeanty rushed for 159 yards and three touchdowns as No. 13 Boise State beat San Jose State 42-21 for its eighth straight win.
Evgeni Malkin scored the deciding goal in the shootout and the Pittsburgh Penguins beat the San Jose Sharks 4-3.
A city in the Bay Area has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force when a K-9 dog tore out a woman's scalp during her arrest.
A 31-year-old bicyclist died after she was hit by a driver in San Carlos over the weekend, authorities said Monday.
A report of a family disturbance in a San Jose neighborhood led to a police shooting Sunday night.
A Vallejo man was federally indicted on sexual exploitation of a minor and other charges, according to documents unsealed by the U.S. Department of Justice.
A man was arrested for murder and attempted murder after he confessed to killing his mother in Vallejo on Saturday, police said.
Autonomous vehicle company Cruise LLC agreed to a $500,000 fine Thursday after admitting to a false report following a crash last year in which one of its vehicles dragged a pedestrian in San Francisco.
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
The new Stanford Robotics Center, which will be developing machines for future use in medicine, the arts, ocean and space exploration and your own home, recently opened its doors for the first time.
The app crashed the same day Starbucks introduced its holiday menu, preventing customers from placing mobile orders.
"Social media is doing harm to our kids and I'm calling time on it," says Australian Prime Minister Anthony Albanse.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
The power of music is comforting patients undergoing palliative care, helping them and their loved ones through an extremely emotional and difficult time.
Robert F. Kennedy Jr. has vowed to combat "the chronic disease epidemic in this country" in the Trump administration, with the slogan "Make America Healthy Aagain."
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
Alameda County District Attorney Pamela Price sent out a statement Monday acknowledging the successful recall, saying the voters have spoken.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Five Congressional and state leaders from San Mateo County on Monday called upon embattled Sheriff Christina Corpus to resign, saying her continued tenure impacts public safety.
San Francisco Mayor-elect Daniel Lurie announced members of his transition team, a group that he described as "shaking up the status quo" which include Open AI CEO Sam Altman and retired Fire Chief Joanne Hayes-White.
The Port of Oakland will receive nearly $50 million in federal funding for infrastructure upgrades as part of the $580 million national investment in port improvements under the Bipartisan Infrastructure Law.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
One of the great voices in modern metal returns to the Bay Area the day before Thanksgiving when King Diamond headlines the Fox Theater in Oakland with support from thrash veterans Overkill and SoCal metal trio Night Demon.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
The 46-year-old Houston native – whose name is Jason Head – was putting a gun away at his ranch when it "slipped out of the holster, hit the side of the jeep and discharged into his stomach area," his publicist said.
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.
Chopper footage of a boat that capsized near Bodega Bay, leaving on person dead and four who were hospitalized after rescue.
Sara Donchey reports on local stoner-rock legends Acid King selling out the Chapel on the first of two nights.
Alameda County DA Pamela Price speaks to the press about accepting the results of the recall.
Jessica Burch describes the type of rain the Bay Area is getting this week as atmospheric river conditions arrive.
CBS News Bay Area afternoon headlines for Monday, Nov. 18, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
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.