Fed hikes interest rate 0.25 percentage point but signals pause
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
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Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
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.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
On Wednesday, we'll see if interest rates will keep climbing, or stay the same.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
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.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Hitting "Date X" without raising the debt ceiling could lead the U.S. to default on its debt for the first time in its history.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
For the first time since 2018, the Federal Reserve is raising interest rates.
Real estate website RealtyHop has just compiled a list of least affordable US cities according to their data, and DFW ranks in as the 20th least affordable city in the country.
Joel Hayden Schrimsher, 19, pleaded guilty on Aug. 24 to conveying false or misleading information through the internet concerning the potential destruction of a federal building.
The Federal Reserve expects that as many as 15 million Americans will remain unemployed by year-end even as the economy continues recovering from the impact of the coronavirus.
The Federal Reserve of St. Louis estimates the nation's jobless rate could hit a staggering 32% within months.
In response to concerns over COVID-19, the Federal Reserve recently cut its benchmark interest rate to near zero.
A new report says the nation's four most-populated states carry the highest total amount of credit card debt, with Texas residents in the number two spot.
Fed officials ended their two-day meeting by hiking the federal funds rate -- what banks charge each other for short-term loans -- to a range of 1.25 to 1.5 percent.
The Federal Reserve is raising its benchmark interest rate for the second time in three months and signaling that any further hikes this year will be gradual.
The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday.
The nation's second largest bank engaged in practices that allegedly allowed the bank to open millions of accounts without customers' permission.
The vice chair of the Federal Reserve said Tuesday that the recent slump in financial markets could be a sign the global economy is slowing, which would affect U.S. growth.
Texas Agriculture Commissioner Sid Miller dismissed Governor Greg Abbott's endorsement of his Republican challenger, Nate Sheets.
Democrat Taylor Rehmet beat Republican Leigh Wambsganss in the special runoff election for the open state Senate District 9 seat.
San Antonio's second-year guard posts a career night — 40‑12‑12 — joining David Robinson in franchise history as the Spurs roll 138–125.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
Texas Agriculture Commissioner Sid Miller dismissed Governor Greg Abbott's endorsement of his Republican challenger, Nate Sheets.
Democrat Taylor Rehmet beat Republican Leigh Wambsganss in the special runoff election for the open state Senate District 9 seat.
San Antonio's second-year guard posts a career night — 40‑12‑12 — joining David Robinson in franchise history as the Spurs roll 138–125.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
As Texas, in recent years, has experienced an increase in its infant mortality rate, it has seen a growing interest in bereavement care for families.
The CEO a Dallas nonprofit resigned after a CBS News Texas I-Team investigation that revealed the organization had failed to follow through on its core promises.
Seven years after a deadly school bus-train crash in Athens, the same crossing still lacks gates or lights—despite repeated promises to fix it.
A CBS News Texas investigation found those daily meals no longer being delivered to schools, despite the nonprofit's claims to the contrary.
It once fed thousands of kids. So, how did a Dallas non-profit's core mission fall apart? CBS News Texas investigates.
Texas Agriculture Commissioner Sid Miller dismissed Governor Greg Abbott's endorsement of his Republican challenger, Nate Sheets.
Democrat Taylor Rehmet beat Republican Leigh Wambsganss in the special runoff election for the open state Senate District 9 seat.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
President Trump late Friday addressed a video posted to his social media account that included a racist depiction of Barack and Michelle Obama as apes, telling reporters he didn't see the part that showed the former president and first lady.
Though the commerce secretary has called his interactions with Epstein as "limited," the two were in business together four years after Epstein's 2008 guilty plea.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Weather-related closures left Carter BloodCare 4,000 units of blood and blood components short of what it needs.
The state of Texas is investing $50 million in research on psychedelic therapies.
Walk with a Doc invites community members to join low-pressure group walks led by physicians.
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
An Amazon Prime delivery in Richardson this week left more behind than intended.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
A Dallas coffee chain says it's caught in a political firestorm after a walkout over an ICE discount.
During the World Cup, soccer fans will be able to get a taste of what North Texas' new professional soccer team, Atletico Dallas, has to offer.
Salad and Go, a drive-thru salad chain, said on Wednesday that it will close all remaining Texas and Oklahoma stores.
Terrance Gore, a former outfielder and three-time World Series champion known for his blazing speed on the base paths, has died at 34 years old, according to Major League Baseball officials.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
The U.S. women's hockey team eased to a 5-0 win over Finland on Saturday afternoon.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
With Bad Bunny headlining a historic Super Bowl halftime show, we highlight some of his most impactful lyrics in Spanish and English.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny is set to take the stage at halftime for the 2026 Super Bowl. Here's who else is performing at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
With Bad Bunny headlining a historic Super Bowl halftime show, we highlight some of his most impactful lyrics in Spanish and English.
Spanish figure skater Tomas-Llorenc Guarino Sabate secured the rights to perform his Minions-themed program at the Milan Cortina Games hours before he was set to skate.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
